🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

First Solar takes Toledo Solar to court over 'false representation'

Published 05/24/2023, 04:34 PM
Updated 05/24/2023, 04:37 PM
© Reuters. FILE PHOTO: An aerial view shows solar panels made by First Solar, during a tour of the Overland Park Solar Array in Toledo, Ohio, U.S., October 5, 2021. Picture taken with a drone. Picture taken October 5, 2021. REUTERS/Dane Rhys
FSLR
-

(Reuters) - First Solar Inc (NASDAQ:FSLR) said on Wednesday it had filed a complaint against Toledo Solar in an Ohio district court over allegedly selling the company's Asian-made panels as its own under "Made in the U.S.A" labels. 

The Arizona-based solar equipment maker said it was seeking an injunction to stop Toledo Solar from "falsely representing" its products and to return any profits made from the sales.

In the complaint, First Solar said that while it was installing new solar panels at the Ohio governor's mansion in the summer of 2022, one of its employees noticed that the panels supplied by Toledo Solar featured First Solar's unique serial numbers.

According to the serial numbers, the panels were made in First Solar's facilities in Malaysia, the company said, adding that Toledo Solar had put its own serial number.

© Reuters. FILE PHOTO: An aerial view shows solar panels made by First Solar, during a tour of the Overland Park Solar Array in Toledo, Ohio, U.S., October 5, 2021. Picture taken with a drone. Picture taken October 5, 2021. REUTERS/Dane Rhys

Ohio-based Toledo Solar did not immediately respond to a Reuters request for comment.

Last year's U.S. Inflation Reduction Act offers billions of dollars in tax incentives for facilities using American equipment to accelerate the decarbonization of the power sector while creating domestic jobs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.