New solar panel suppliers buy in San Diego, Newark, Scottsdale

First Solar Cuts Sales, Profit Guidance in Reorganization

01.01.70

(Updates with closing share price in ninth paragraph.)

Dec. 14 (Bloomberg) -- First Solar Inc., the world's largest maker of thin-film solar panels, reduced profit estimates for this year and next and said it will cut about 100 jobs as it shifts its focus to large-scale utility plants.

The company's second restructuring in six weeks caused the stock to plunge 21 percent to its lowest price since February 2007. The shares have declined 74 percent this year, the largest drop in the Standard & Poor's 500 Index. Most of the job cuts will occur at a research unit in California.

First Solar said global production of solar panels has tripled in recent years as more companies, including Chinese suppliers, enter the market. Government subsidies for solar power, especially in Europe, have declined as those nations have trimmed budgets in an economic decline, Chairman and Acting Chief Executive Officer Michael Ahearn said on a conference call today.

Source: BusinessWeek

solar panel suppliers - News

San Diego's Borrego Solar makes deal with Chinese supplier

San Diego Union Tribune - Feb 09, 2011

The deal is an sign of how Chinese solar panel makers are gaining a commanding market share of the growing industry in the United States.

EARNINGS PREVIEW: Broad Growth Expected For Solar-Power Cos

Wall Street Journal - Feb 10, 2011

Key Issues: Yingli, another top solar-panel supplier based in China, in November estimated fourth-quarter shipments to post a mid-teen percentage increase

Suntech supplies 115 MW solar panels to Italy firm

Reuters Africa - Feb 08, 2011

N: Quote) and US firm First Solar (FSLR.O: Quote) are the main suppliers to Italy, industry operators have said. (Reporting by Svetlana Kovalyova,

Solar panel manufacturer considers Wausau plant

WSAU - Jan 25, 2011

UNDATED () A company that makes solar panels is moving its headquarters from California to Dane County. And they're considering several Wisconsin cities

Rebate shortages cloud solar projects

Florida Today - Feb 10, 2011

Jim Spann, who runs Russell & Sun Solar, does a routine quality control check recently on the solar panel system on the roof of Palm Bay Pediatrics in