Some idle chatter on CNBC at 9:32 a.m. EST, paraphrasing -- First Solar continues to collapse; First Solar has one of the largest investments from Department of Energy.
I see First Solar is down another 10 percent at the open, down about $3 to $33 (numbers rounded).
The 52-week high for First Solar was $160 with a previous 52-week low of $42.
So, although not yet bankrupt, I guess we can add First Solar to the list of companies that got huge cash investment from US DOE and is now in trouble.
By the way, Enbridge is a big investor in solar and wind. Enbridge has partnered with First Solar on some major solar projects.
Except as a tax loss, and credits for solar investment, it looks like Enbridge misstepped when it ventured into solar energy.
I just keep thinking how well the economy could be doing if the country had an energy plan, other than to a) kill coal; b) slow-roll the oil and gas industry; and, c) funnel money to solar and wind.
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