FSLR: Reiterates ’09 View, Stock Down on Germany Woes

July 30, 2009 at 3:00 pm PT

Shares of solar panel technology maker First Solar (FSLR) are reversing course this evening, falling to $170 after briefly going as high as $189 following a clean Q2 beat. What’s spooked people are the company’s remarks on a conference call this evening about growing uncertainty in its German market.

The company has seen increasing price-cuts among competitors selling into Germany’s solar power market. Although First Solar makes panels from a thin-film semiconductor technology, it started to see trouble in the German market from manufacturers hit with a glut of polysilicon-based product and slowing of new panel projects, said CEO Mike Ahern.

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Tagged with: Barrons, digital, First Solar, frontpage, Germany, hardware, innovation, Panels, polysilicon, semiconductors, solar power, Tech Trader Daily, Tiernan Ray

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