BUSINESS BRIEF

First Solar stock down 
9% after income report

2/26/2014
BLADE STAFF
First-Solar-2

First Solar Inc. shares fell 9 percent Wednesday after the solar panel maker reported that its fourth-quarter net income fell 58 percent compared to the fourth quarter of 2012.

The company’s stock closed at $52.74 a share. A year ago, it was selling for $33 a share.

First Solar was born in Toledo, but is now in Tempe, Ariz. It has its only U.S. manufacturing plant in Perrysburg Township.