ADVFN - Advanced Financial Network.
HOME» NASDAQ » F » FSLR Stock Price » FSLR Stock News

First Solar Share News

 First Solar (mm) Stock Price
FSLR Stock Price
 First Solar (mm) Stock Chart
FSLR Stock Chart
 First Solar (mm) Stock News
FSLR Stock News
 First Solar (mm) Company Information
FSLR Company Information
 First Solar (mm) Stock Trades
FSLR Stock Trades

US Solar Power Grows In 2011 But Future Cloudy - Study

By Cassandra Sweet Of DOW JONES NEWSWIRES U.S. solar-panel installations this year topped previous years, due primarily to large solar farms, but the outlook for U.S. solar-panel makers and continued growth for the domestic market is uncertain, according to a study released Wednesday. More than 1,000 megawatts of solar panels were installed in the U.S. through the third quarter, the most during any year to date, according to the study, by GTM Research and the Solar Energy Industries Association. The study predicted that U.S. developers would install 1,700 megawatts, or 1.7 gigawatts, of solar panels this year, up 89% over last year. Companies installed nearly 450 megawatts of solar panels in the third quarter, 140% more than the same period a year ago, as the industry has raced to put panels in the ground and on rooftops ahead of the expiration of a key government incentive at the end of this year. Almost half of those installations were for large utility-scale solar farms, according to the report. Weak solar-power demand in Europe, rising demand in the U.S. and an oversupply of solar panels have led manufacturers to target the U.S. for market expansion. As a result, U.S. solar-panel makers have lost market share to Chinese rivals, the study said. In California, where utility customers pay for subsidies to support residential and commercial solar-power development, Chinese solar-panel makers now dominate the market. Chinese manufacturers supplied 40% of the state's residential and commercial solar market in the third quarter, up from 29% at the beginning of the year, according to California state data published in the report. U.S. solar-panel makers' share of that market went from 37% in the first quarter to 29% in the third quarter, according to GTM Research and SEIA. With the exception of First Solar Inc. (FSLR), based in Tempe, Ariz., Chinese solar-panel manufacturers now dominate the U.S. utility-scale solar market, the report said. "Domestic suppliers, whose business has hitherto hinged on success in the U.S. market, are therefore expected to face challenging times," the report concluded. The report notes that a potential "wild card" for U.S. manufacturers is a trade petition that SolarWorld AG's (SWV.XE) U.S. unit filed with the federal government that accuses Chinese rivals of dumping their products below the cost of production. SolarWorld and six other firms have asked the Department of Commerce to impose anti-dumping and countervailing duties on solar cells and solar panels imported from China to protect domestic manufacturers. If the federal government imposes new duties on Chinese solar imports, it would make domestic suppliers more price competitive and "could result in a material increase in domestic market share for U.S.-manufactured modules in 2012 and beyond," the study concludes. Oregon, where SolarWorld's manufacturing facilities are located, and Ohio, where First Solar operates a factory, produced roughly half of the 316 megawatts of U.S.-made solar panels in the third quarter, according to the study. The U.S. solar industry in 2012 and beyond are uncertain due to the expiration of the Section 1603 Treasury Program, the report said. The government program offers eligible solar developers cash equal to 30% of the cost of a project, in place of a tax credit. The program has awarded more than 3,600 grants totaling $1.5 billion for more than 22,000 individual solar projects in 47 states, as of November, according to SEIA. Without the program, solar developers could find it more difficult to finance new projects, the report said. -By Cassandra Sweet, Dow Jones Newswires; 415-269-4446;

Stock News for First Solar (FSLR)
12/01/201417:32:29MARKET SNAPSHOT: S&P 500, Dow Fall On Weak Economic Data; Nasdaq...
12/01/201411:34:30MARKET SNAPSHOT: S&P 500 Set For Biggest Drop In Weeks
11/07/201414:57:15U.S. Stocks Little Changed Midday
11/02/201404:46:43MARKET SNAPSHOT: Media, Consumer-based Company Earnings To Test...
08/06/201407:30:53MARKET SNAPSHOT: U.S. Stocks: Futures Fall On Russia Fears, Europe...
08/06/201406:28:38MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Europe's Economy...
06/04/201418:09:02MARKET SNAPSHOT: U.S. Stocks Close Higher; S&P At Record
05/07/201410:14:58U.S. Hot Stocks: Hot Stocks to Watch
05/04/201413:29:47MARKET SNAPSHOT: Stocks Are Riding Optimism, Not Earnings, To...
04/08/201417:04:29MARKET SNAPSHOT: U.S. Stocks Edge Higher After 3-session Slide
04/08/201416:44:25MARKET SNAPSHOT: U.S. Stocks Post Modest Gains
04/08/201413:36:39MARKET SNAPSHOT: U.S. Stocks Waver As Ukraine Fears Hit Global...
03/24/201416:56:39MARKET SNAPSHOT: U.S. Stocks Fall; Nasdaq Skids 1.2%
03/24/201415:34:51MARKET SNAPSHOT: Stocks Fall; Nasdaq Set For Biggest Loss In...
03/24/201415:29:56MARKET SNAPSHOT: U.S. Stocks Drift Lower After Weak PMI
03/19/201417:29:50MARKET SNAPSHOT: U.S. Stocks Sell Off On Yellen's Comments
03/17/201416:55:36MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Positive For The Year
03/17/201412:52:26MARKET SNAPSHOT: U.S. Stocks Up; S&P 500 Positive For The Year
02/27/201416:39:15MARKET SNAPSHOT: U.S. Stock Gains Push S&P 500 To Record
02/27/201413:13:06MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Eyes 1,850 Record

First Solar and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations