Bachman Says First Solar (Nasdaq:FSLR) Defects Reported in PHOTON Not an Issue
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/DqULJmJA9Sc/Posted on Wednesday, November 18th, 2009 | In Investing Lessons, Small & Micro Cap
November 18, 2009 ndash; Analyst Comments- Pacificnbsp; Crestrsquo;s Mark Bachman commented today on an article in the October 2009 issue of PHOTON Magazine which reports on manufacturing flaws in First Solar modules. Bachman stated that ldquo;We raise the issue now because the article was printed in the German version of the magazine last month, and we believe that most U.S. investors are not yet aware of it; we suspect the article will soon appear in the English version of PHOTON International. We are looking to be more constructive on the stock and want to clear potential negative data ahead of First Solarrsquo;s Dec. 16 analyst meeting.rdquo;
Key Takeaways
Bachman said module performance is unaffected by the defects, having checked with several First Solar customers
Doesnrsquo;t think that First Solarrsquo;s brand has been damaged, as no negative criticism was noted from checks with installers in the U.S.
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