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Gold/Mining/Energy : First Solar, Nasdaq: FSLR

FSLR 265.47

-0.6%

Nov 3 3:59 PM EST

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From: FJB	11/9/2011 12:55:17 PM
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First Solar Says Competitors ‘Desperate’ to Sell Panels in Glut First Solar, the world’s largest maker of thin-film solar panels, said competitors are“desperate” to sell inventory after adding too much factory capacity that has led to a supply glut and plummeting prices. “Not everyone who is playing today is going to be around in two to three years,” James G. Brown, president of First Solar’s utility-systems business, told a conference today in Hyderabad, India. Prices for photovoltaic panels have declined in part due to “agressive pricing by participants who are desperate to find a home for their products,” he said. To contact the editor responsible for this story: Todd White at twhite2@bloomberg.net http://www.bloomberg.com/news/2011-11-09/first-solar-says-competitors-desperate-to-sell-panels-in-glut.html

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