First Solar Plans to Lay Off 27%, Stock Plunges

At one point late in the afternoon Wednesday, the market’s reaction to First Solar’s (NASDAQ: FSLR) guidance for the coming year, along with news it was cutting approximately 1,600 jobs, was severe enough that it caused a temporary halt in trading. The upside for shareholders today is that First Solar stock has inched its way back from a more than 11% drop in share price immediately following its guidance call. …read more

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Category: FSLR

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