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First Solar may lack profit growth, bank says

Erik Kirschbaum/Reuters/File 2008

First Solar says it manufactures solar modules “with an advanced semiconductor technology and is a premier provider of comprehensive photovoltaic system solutions.’’

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More storm clouds gathered over First Solar Inc. yesterday; its stock suffered the biggest retreat in the S&P 500, tumbling 5 percent. The Tempe, Ariz., company, the biggest maker of thin-film solar panels, may have no earnings growth over the next two to three years, Bank of America Corp. wrote in a note to investors. “We don’t think there’s a reason to chase the shares,’’ the note said.

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