First Solar Inc.’s acquisition of General Electric Co.’s solar technology brings a stakeholder with connections in the utility industry that may help the renewable-energy manufacturer sell large-scale power plants.
First Solar Inc. Chairman Mike Ahearn has found the best way to make money from photovoltaics is to sell whole power plants to Warren Buffett and NextEra Energy Inc. instead of competing with China on panel sales.
First Solar Inc., the largest U.S. solar manufacturer by shipments, said its pipeline of orders was unchanged in the first quarter and it’s pursuing as much as 5.5 gigawatts of prospective sales, mainly in the Americas.
First Solar Inc., the world’s biggest maker of thin-film solar panels, said first-quarter revenue will fall short of analysts’ expectations after it shuttering a plant in Germany. The shares fell 7.3 percent after the close of regular trading.
First Solar Inc., the biggest maker of thin-film solar panels, said its “expected revenue” fell 15 percent last year and its goal for this year is to avoid slipping further. The shares plunged the most in five months.