Axiom Capital Comments On First Solar

Axiom Capital Research provided color on First Solar

in a research report published today. Axiom Capital has previously given First Solar a Sell rating. In the report, Axiom Capital states, "While the market has shunned recent share sales by a number of FSLR executives, we see the recent decision by Mr. Ahearn to essentially exit his position in FSLR as incremental. Why? Well, based on recent checks we've done this week, we have learned that: (1.) Gerlicher, who is a major FSLR customer, has recently let go of nearly 100 employees, and (2.) Colexon, who has been a key FSLR customer for many years, no longer wants to be a FSLR customer." Shares of First Solar were trading at $100.98 at the time of posting, up 0.62% from Wednesday's market close.