ArcticFox

There's a Solar Shakeout Coming - Citigroup

The worst scenario for fslr would be oversupply as they have one of the least efficient solar cells on the market. Another very interesting company is Coolearth, also competing in the utilities market, but like Nanosolar not publicly traded. Should any of these "superior" technologies go public or announce a ramping up of production, than fslr is headed for a big fall. I see fslr's margins peaking year end 2008 after they finish streamlining their factory output, and profits peaking after they reach full production in 2009. If attempts to increase the value of the USD relative to the euro, another big loss for fslr. If there is an oversupply in 2009, who would want there product with better technologies available. And their current contracts call for a yearly reduction in price.