Axiom Has Update On First Solar Project In California (FSLR)

Axiom Capital Research has an updated research report on First Solar

, as it recently wrote about FSLR's AV Solar Ranch project. In the updated report, Axiom writes, "While we will not go into extensive detail here (see attachment titled “Appeal 2” for full overview of appeal), what we found most interesting about Northrop Grumman's appeal to FSLR's 230MW AV Solar Ranch One project is that it appears that California counties responsible for approving these large scale solar projects are taking shortcuts to get things done quickly. Furthermore, and most important, after reading the appeal put together by the high-priced attorneys employed by Northrop Grumman, it is clear to us that anyone who wants to potentially block one of these large-scale solar projects now has an excellent template from which to operate." Shares of FSLR lost $3.99 yesterday to close at $138.64, a loss of 2.8%.