First Solar (FLSR) Slammed After Halting Deliveries to Plant

August 30, 2012 11:13 AM EDT Send to a Friend
Shares of First Solar, Inc. (Nasdaq: FSLR) are under heavy pressure Thursday, which could be related to news the company halted deliveries to its $1.8 billion Agua Caliente project, the world's largest photovoltaic power plant in Arizona, because construction is ahead of schedule.

First Solar won't ship additional modules until January and won't install panels at the site, the power plant's construction manager told Bloomberg.

The company was said to accelerate production at the plant because of the global glut of panels.

Shares of FSLR are down 11 percent today.


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