First Solar (Nasdaq: FSLR) was once a clear leader in the solar industry but the company has seen margins and profits fall recently as more efficient competitors caught up. Utility scale project that drive the company's revenue just aren't coming along as frequently as they used to as seen by backlog falling from 2.6 GW to 2.2 GW between the first of the year and early August. But that's not all to be concerned about as solar analyst Travis Hoium covers in the video below.
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