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First Solar (FSLR) Confirms Approval of Construction Permit for Antelope Valley; Deadline Extended to April 6th

February 23, 2012 4:50 PM EST
FSLR Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

EPS Growth %: -106.0%
In a Form 8-K, First Solar (Nasdaq: FSLR) confirmed changes to the construction permit for Antelope Valley Solar Ranch referenced in the February 9, 2012 Form 8-K have been approved by the governmental body that issued the permit.

Exelon and First Solar have agreed to extend their deadline for initial funding of the DOE loan for AVSR to April 6, 2012 to allow sufficient time for the initial funding to occur.

The DOE had previously extended to April 6, 2012 the date by which the initial funding must occur. Construction of AVSR has been proceeding.


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