First Solar Moving Into France, Reducing Reliance on Germany (FSLR)

Just as Trina decided to diversify to Italy.

From ClusterStock:

First Solar (FSLR) investors are justifiably concerned about the company's concentration in Germany: 91% of 2007 revenues came from the country. Therefore, AmTech was encouraged to learn about inroads FSLR is making in France with a large customer, EDF Energies Nouvelles.

EDF announced that they will be using FSLR modules for the construction of a 7 megawatt solar farm in mainland France. The plant should begin service by the end of the year. Here are AmTech's key points:

• While not a huge revenue number (~$17M assuming Q108 ASPs), Illustrates traction in new geographies with favorable economics such as France...MORE

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also from ClusterStock:

Intel (INTC) Spins Off Solar Co, Still More Pressure on First Solar (FSLR), et al (FSLR, INTC)
First Solar (FSLR): Here's Why Three of Those Concerns Are Overblown (FSLR)
First Solar (FSLR): The Heck With Europe Concerns--FSLR's Future is the US (FSLR)