Wednesday, June 4, 2008

First Solar product may be banned in Europe. Ouch!

First Solar CEO cashes half his stock in $257 million deal

"But cadmium, a toxic metal according to the U.S. Labor Department, is linked to breathing and kidney disorders. It's banned from use in batteries and related electronics in the European Union, where First Solar gets more than 90 percent of its sales.

An expansion of EU restrictions to solar cells would make the company's current technology "impractical," First Solar said in a Feb. 21 SEC filing."

Found by bjr149 of Yahoo.

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