26 Oct '11, 4pm

Departure Of First Solar CEO Rob Gilette Another Sign Of Solar's Troubles: Filed under: Energy News

Departure Of First Solar CEO Rob Gilette Another Sign Of Solar's Troubles: Filed under: Energy News

First Solar's Blythe Solar Farm under construction First Solar's (FSLR) stock price was hit hard yesterday, falling some 25%, as a result of the departure of CEO Rob Gilette. The stock has bounced today. However, the very volatile price action is simply a sign of the extreme nervousness and underlying weakness in the sector. A number or readers have questioned my stance of being uninvested in the solar sector during the recent Solyndra-related market turmoil. Since I see solar as being a significant part of the long-term clean energy solution, this does raise some contradictions. Consequently, let me take this opportunity to run over some of the related issues. First of all, the current oversupply and turmoil in the market will no doubt keep driving solar costs down. Over time the oversupply in the market should rebalance and solar companies will be able to healthily compe...

Full article: http://www.altenergystocks.com/archives/2011/10/departure...

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