Exelon's Deal With First Solar in Doubt

First Solar shares fell sharply after the company warned a delay in government funding may stymie its sale of a California solar farm to Exelon.

Exelon Corp. said Friday that a $1.36 billion solar-power plant deal with First Solar Inc. has hit a delay, stemming from problems with the project's federal loan guarantee and a construction permit that the company said it hopes to resolve this month.