Tuesday, April 17, 2012

First Solar to Cut 30% of their Work Force In Response to European Conditions

30% is not trivial.

CNBC: "Operations in Europe no longer economically sustainable."

Shares halted in trading pending announcement. Will probably open higher.

For investors, CNBC says this stock sold at one time for $320/share; now around $20/share. Unless I misheard what they said.

Natural gas around $2.00.

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