First Solar Posts Biggest-Ever Loss as Revenue Slides
- Company canceled plans to introduce new solar panel this year
- CEO Widmar shifted strategy after taking top job in July
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First Solar Inc. slumped the most in three months after reporting its biggest-ever loss and cutting its earnings forecast.
The largest U.S. panel maker fell 5.9 percent to $34.45 at 10:21 a.m. in New York after earlier sliding as much as 7.2 percent, the most intraday since Nov. 17. The shares have tumbled 46 percent in the past year.