And the Energy Conversion exec adds that the company is working on new technology that should improve the conversion efficiency of its thin-film solar products.
Solar stocks are heading lower across the board this morning following an alarming earnings warning after the close yesterday by thin-film solar provider Energy Conversion Devices (ENER).
In the lab Cigs has a maximum solar conversion efficiency of 20.2%, better than the 16.5% of a thin-film technology that kicks the pants off the traditional crystalline silicon panels on price per watt of capacity.