First Solar Shares Fall 3.42%; Ex-First Solar Finance Head Tapped as Verde CEO
First Solar shares slid 3.42% after underperforming the broader market, closing yesterday with notable downside pressure. Verde Clean Fuels appointed George Burdette, former First Solar head of project finance, as CEO and retained Roth Capital Partners to evaluate potential sale, merger or partnership options.
1. First Solar Shares Decline
First Solar shares closed down 3.42% following broad market weakness, finishing at $192.82. The decline marked an underperformance relative to major indices and contributed to a midday sell-off in solar equities.
2. Verde Names Former First Solar Executive
Verde Clean Fuels appointed George Burdette as CEO, succeeding Ernie Miller who will remain as senior advisor. Burdette, Verde’s CFO since October 2024 and former head of project finance at First Solar, will lead a strategic review with Roth Capital Partners to explore sale, merger, licensing or partnership options.