The company had been aggressively pursuing research on copper-indium-gallium-selenide technology, or CIGS, the same technology that the now infamous Solyndra was making panels out of before succumbing to low cost competition from China.
First Solar is "refocusing its research and development center in Santa Clara" to develop cadmium-telluride technologies, according to a filing with the US Securities and Exchange Commission.
The nation's largest solar company also cut its earnings and revenue estimates for 2011 because of weather delays and other unspecified issues with some company projects.
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