March 29, 2009 / 9:59 PM / 11 years ago

Solar panel makers vulnerable - Barron's

NEW YORK, March 29 (Reuters) - Shares of First Solar Inc (FSLR.O) and Energy Conversion Devices Inc ENER.O, which make low-silicon solar panels, look vulnerable as falling silicon prices narrow their cost advantages versus rivals that rely more heavily on silicon, Barron’s reported on Sunday.

A key selling point for the “thin-film” panels sold by First Solar and Energy Conversion was that they used very little silicon, and were therefore lower-cost alternatives to traditional panels, Barron’s said.

With silicon prices dropping, silicon panels could become so cheap that they take share from the lower-cost substitutes, Barron’s said. (Reporting by Martinne Geller; Editing by Steve Orlofsky)

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