30 Apr '13, 3pm

First Solar Optimistic About Future: Filed under: Energy News

First Solar Optimistic About Future: Filed under: Energy News

The beginning of First Solar's downward spiral came in the form of U.S. government not developing a proper action for subsidies and credits as these would help reduce costs making solar power a cost effective solution all-around. During the same time First Solar's stock hit its all-time low, European subsidies were pulling from open fields to rooftop models. Combined with the competitive market for eco-friendly energy development, the solar power company suffered from little sales growth by the middle of 2012. Many photovoltaic companies are feeling the brunt of the lack of support from the governing bodies of respective countries. Other manufacturers such as SunPower (SPWR ) rely on lower-scale residential installations and are able to thrive in the European market due to the subsidy change. First Solar is attempting to overcome the recent obstacles by providing a more co...

Full article: http://www.altenergystocks.com/archives/2013/04/first_sol...

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