First Solar Posts Biggest-Ever Loss as Revenue Slides

Renewable Energy World ----- First Solar Inc. slumped the most in three months after reporting its biggest-ever loss and cutting its earnings forecast. The largest U.S. panel maker fell 5.9 percent to $34.45 on Feb. 21 in New York after earlier sliding as much as 7.2 percent, the most intraday since Nov. 17. The shares have tumbled 46 percent in the past year. First Solar posted a record net loss of $719.9 million for the fourth quarter, according to a statement Tuesday. The Tempe, Arizona-based company said operating expenses will be higher this year than it had previously expected and earnings will be lower. To learn more about First Solar posting biggest ever loss as revenue slides click on the picture below to read more.