First Solar restructuring leads to loss of $449M; announces new CEO
BUSINESSWEEK - A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry's biggest and strongest companies, to a wide quarterly loss.
First Solar Inc. said Thursday that it lost $449 million in the first quarter, mostly due to a restructuring announced last month that will eliminate 30 percent of the company's workforce and close a newly-expanded plant in Germany.
