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Gold/Mining/Energy : First Solar, Nasdaq: FSLR
FSLR 224.11-10.1%3:59 PM EST

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To: Dennis Roth who wrote (361)2/20/2008 12:14:54 PM
From: Eric  Read Replies (1) of 912
 
First Solar sees lower costs from Malaysian plant

Reuters - February 20, 2008 9:14 AM ET

NEW YORK, Feb 20 (Reuters) - Thin-film solar maker First Solar (FSLR) expects its new production plant in Malaysia to cut production costs by about 20 cents per watt when it comes on line later this year.
"As we're moving to Malaysia, I think our models imply a 20 cent cost per watt reduction," Jens Meyerhoff, First Solar chief financial officer, told a Piper Jaffray investment conference.

First Solar has said its production costs in the fourth quarter fell to $1.12 per watt, down from $1.29 at the beginning of 2007. (Reporting by Matt Daily, editing by Gerald E. McCormick)
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