There are few companies that have had a worse year than First Solar (NASDAQ:FSLR). Reaching a 52-week high of $140 in July, 2011, the once solar power juggernaut has seen its share price tumble to its current 52-week low of around $15.
First Solar (NASDAQ:FSLR) is off to a very rocky start this year. Having just been awarded a "Very Aggressive" Accounting Risk rating by GMI Ratings, First Solar's risk profile has been populating red flags since at least 2008. However, with government ...
Unlike some of its competitors, First Solar does not use a third-party reinsurance firm. Munich Re has calculated that most insurers don't have sufficient cash reserves to cover such claims, so it has started insuring solar panel systems.
The industry's turmoil means Munich Re, the world's biggest reinsurer, and two Southern California rivals are playing a hand determining which panel-makers survive as First Solar Inc., Suntech Power Holdings Co. and competitors fight for orders.