First Solar Flies Too Close to the Sun
ONLINEWSG- First Solar's reign as the sun king could be coming to an end.
The Tempe, Ariz., company has long stood out from its peers in the solar-panel manufacturing sector. Not only is First Solar's balance sheet sturdier than rivals', but its panels are cheaper, resulting in enviable profit margins and revenue growth. Trouble is, the picture darkens over the next few years. Solar power relies almost completely on subsidies, and those are being slashed in Germany, where First Solar made 65% of its sales last year.
