First Solar Restructuring Leads To Loss Of $449M

NEW YORK (AP) — A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry’s biggest and strongest companies, to a big quarterly loss.

First Solar Inc. said Thursday that it lost $449 million in the first quarter, mostly due to a restructuring announced last month that will eliminate 30 percent of the company’s workforce

First Solar Restructuring Leads To Loss Of $449M | News | Manufacturing.net

h/t to Dave G