First Solar to Sell Never-Commissioned Panel Plant in Arizona
Stock Chart for First Solar Inc (FSLR)
The company expects proceeds of more than $100 million from the sale, which will close this quarter, according to a Securities and Exchange Commission filing today from the Tempe, Arizona-based company. The site was intended to be a panel-production plant and was never commissioned.
The loss will be incurred in the third quarter, according to the filing. The deal will also involve $5 million to $10 million in costs.
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