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More Heat on First Solar

FIRST SOLAR HAS WORKED MIGHTILY in the last year to reassure investors that its "thin-film" solar-energy panels will continue to enjoy a cost advantage over rivals´ increasingly cheap silicon-based wares. Shares of Tempe, Ariz.-based First Solar (ticker: FSLR) have yo-yoed from 170 to 100 and then back to about 140 recently, as the company´s gross margins veered from 56% to 42% and then back up to 50% for the March 2010 quarter—reflecting the competitive pressures that we predicted when the price of raw silicon began to drop.


26.07.2010, First Solar

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