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MARKET MOVERS

As prices slip, First Solar’s stock fades

First Solar, an Arizona company, and juwi Group operate the massive Lieberose Solar Farm in Germany. First Solar, an Arizona company, and juwi Group operate the massive Lieberose Solar Farm in Germany. (First Solar Inc. via Bloomberg News/File 2009)
September 29, 2011

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There were more storm clouds than sunshine yesterday for First Solar Inc. Shares of the Tempe, Ariz., company registered the second-biggest drop in the S&P 500, sinking more than 10 percent. The world’s largest maker of thin-film solar modules had its share-price estimate reduced to $55 from $88 by Cantor Fitzgerald LP, which cited declining prices for solar equipment.