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First Solar, Inc. Message Board

  • garolou22 garolou22 Aug 25, 2009 6:50 PM Flag

    First Solar will crush silicon panel makers

    First Solar says it will produce solar electricity at a cost of $1.65/watt by 2012 (2008 anual report). Solarbuzz are reporting that solar electricity prices have dropped to $4.40/watt becuase of an oversupply of panels and a crash in polysilicon prices. Who will compete with first solar when supplies tighten and the price of polysilicon recovers. There is a reason why First Solar's market cap is five times it's nearest competitor - it's making ten times as much money. The situation can only get much worse not much better for silicon panel companies.

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