First Solar A Long Term Play
By Dana Blankenhorn: Contrary to what the fossil fuel fans think, First Solar (FSLR) is not going anywhere. FSLR was a very popular short last year and, after making up some ground early in this year, it has again fallen hard, with a major project threatened, shuttered capacity in Germany, a decision to abandon CIGS technology, risks to federal subsidies, and troubles finding a CEO based on its poor investment outlook. All that bad news should be in today's stock price. But First Solar has legs. Its cadmium telluride CdTe technology is proven, and it's in mass production. The company continues to reduce manufacturing costs while it increases yield, both in the labs and on the shop floor. Regardless of what happens to U.S. grid energy prices, there are enormous opportunities in creating energy off-the-grid and thin film technologies like CdTe are well-adapted to them. For every cloud there is a silver lining.Complete Story »
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