23 Mar '12, 3pm

First Solar PV News and Blues Roundup: First Solar (Nasdaq:FSLR), despite some recent body blows to its stock

First Solar PV News and Blues Roundup: First Solar (Nasdaq:FSLR), despite some recent body blows to its stock

An estimated 4 percent to 8 percent of the cadmium telluride (CdTe) thin-film modules manufactured by First Solar between June 2008 and June 2009 had a “process control” issue which resulted in a potential “premature power loss once in the field,” according to First Solar Chair and Interim CEO Mike Ahearn. The process control issue , which the company has been dealing with in financials since 2010, involved global production and all three of First Solar’s CdTe manufacturing facilities at the time (in Ohio, Germany, and Malaysia). The issue was identified in June 2009 and the process factor was “addressed.” Subsequently, First Solar has been fulfilling its warranty obligations with its customers. “The vast majority were in Europe,” said First Solar’s Vice President of Communications Ted Meyer. Most were in Germany, where the bulk of First Solar’s modules were being sold at ...

Full article: http://www.greentechmedia.com/articles/read/First-Solar-P...

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