Axiom Capital Provides Color on First Solar

Axiom Capital provided color on First Solar FSLR. In a research report published today, Axiom Capital stressed that the U.S. government cuts might include loan guarantees, which could hurt First Solar. In the report, Axiom Capital states, “The U.S. government has allotted an enormous amount of money to companies like solar panel manufacturer First Solar. The program has issued conditional guarantees valuing around $16 billion to solar power projects and $38 billion to clean technology projects. Other countries stimulate cleantech expansion through other means, like feed-in tariffs. While the loan program is important, Lane said it might not be the right way to approach cleantech funding.” On Wednesday, FSLR lost 3.05% of its value to end the day at $116.60. Its shares continued to slide in today's pre-market trading, falling 0.09% to stand around $116.50.