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First Solar drops 13% on risk of Tesla’s solar push
['Pratyush Thakur', 'Thu January At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- Shares of First Solar are down more than 13% on Thursday on the prospect of Tesla building large-scale solar manufacturing capacity.
Tesla CEO Elon Musk’s had commented at the World Economic Forum about building a vertically integrated solar manufacturing base.
The timing and scale of any excess Tesla solar module capacity, and whether it would be sold to third parties, remain uncertain.
BMO said its base case assumes US utility-scale solar capacity growth of about 45 to 50 gigawatts per year.
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