PV panels are typically remarkably simple in construction: bunch of cells just wired together, couple of bus wires, couple of diodes, output wires, that's pretty much it. So, normally, there is very little that can go wrong. I imagine that the problem with many "semi-flexible" panels, however, is that they are made from hard (brittle) cells with a flexible substrate, so able / likely to flex between the cells, and the wires / strips there are then subject to fatigue, so many more potential failure points than a rigid panel. I would think that a flexible panel subject to severe fluttering won't have long to live.
(Check the diodes too if accessible.)
(Check the diodes too if accessible.)