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Err..no. Cash value is ~$32 and book value is ~$48
Good chance FSLR is going back to low $30s. Strange they had the technology to do 2-sided solar cells when they purchased their silicon technology company with efficiencies of 20%.
FSLR needs to get their cell efficiency up to mid 20% range. They seem to have abandoned this goal.
I think losses will continue for next year.
FSLR is setting up for a trade, imo. RSI is low and a bottom appears to have been put in.
GLTA
First Solar $FSLR Target Buy Level Revealed
Shares of First Solar (FSLR) fell again on Tuesday after China continued to fight back against U.S. tariffs. Let's not kid ourselves, the trade war has begun and it will be tit for tat going forward, ultimately hurting U.S. jobs and the economy. Having said that, expect solar stocks to remain weak in the coming days/weeks. First Solar should continue lower in the next month to a target of $48.00. Once there, expect a hardcore technical bounce back to $57.00. This is the technical level the best stock chart swing traders are eyeing for a buy.
Gareth Soloway
InTheMoneyStocks
Hi J4T, Re: Making FSLR work..............
I've been trading FSLR stocks around a core position since late in 2014.
The stock's moved around and is currently net "up" from the starting point.
CAGR for the Buy/Hold investor over the same time frame is 4.41%. Through
trading around the core, the results are CAGR = 8.14% for a nice
improvement. Here's what the trades look like in these histograms:
It's not been a lot of trading, but enough done at the right times to
improve the average cost/share and profitability. Overall, including the
cash reserves it's showing a profit of 42% right now. Buy/Hold would only
be up 21% right here.
I added 15% more shares to the position today and last sold 10% of shares
at the end of April at just over $80/share.
FSLR trading signals predicted a sell zone and negative trend at the end of April, while it was in an upward trend. Today's dive by over 5% was related to an overweight stock, negative stock price as well as restrictions that are impacting the solar manufacturing industry. #BluSignals https://www.blusignalsystems.com/fslr-stock-not-in-sunny-cycle-heres-what-trading-signals-sensed/
FSLR trading signals predicted a sell zone and negative trend at the end of April, while it was in an upward trend. Today's dive by over 5% was related to an overweight stock, negative stock price as well as restrictions that are impacting the solar manufacturing industry. #BluSignals
No denying this trend
Junior Mining Companies News Today Is Good For First Solar In More Then One Way
https://www.deerhorncapital.ca/news-media/news/2018/california-to-require-solar-panels-on-almost-all-new-homes-built-after-jan-1-2020
Sold out today, gl to those keeping this.
Some of the key players in global Building-Integrated Photovoltaics market are Ascent Solar Technologies Inc $ASTI, Amari Austria GMBH, Belectric Holding GmbH, Dyesol Ltd, Cadcamation KMR SA, Fraunhofer ISE, $FSLR First Solar, Film Optics Ltd, ertex solartechnik GmbH, Power Film Inc, Hanergy Holding Group Limited, Beijing Ja Solar PV Technology Co. Ltd., BGT Bischoff Glastechnik AG, Sharp Solar, Onyx Solar Energy S.L, Sanyo, Pythagoras Solar, $TSL Trina Solar, $YGE Yingli Solar, Advanced Solar Power (Hangzhou) Co. Ltd., Konarka Technologies Inc, Wirtschaft Und Infrastruktur Gmbh & Co Planungs Kg, Wurth Solar GMBH & CO. KG and Kyocera Corporation.
Whoa! broke support line on the top chart in Ibox. Three gaps to cover heading down.
Analysts expect Sunworks to get to the $2.67 mark in the near future, it has been up +20 since December. - https://stockonbreakout.com
More competition--coming over to the US from China now.
https://ih.advfn.com/p.php?pid=nmona&article=76581751
Thank you for the summary!
They want to be exempted even though they've been benefiting for the better part of a decade.
They've put a US expansion on hold due to this tariff costing them an extra nickel on CpW.
Here's an idea. Utilize the new tax policy and expand anyways in 2018 and write it off.
These guys are like children throwing a tantrum. It's pathetic.
First Solar wins regardless. Watch for US market share to climb at an accelerated rate.
Where do you think Sunpower fits into this scenario?
On the tariffs.......
I'm struggling to find another company that benefits more than First Solar from these actions.
Any company really.
The spin has been mostly negative, and there's reason for that.
Jobs will be lost, yes. Mostly on the installation side. Projects will get delayed or shelved altogether. It hurts the industry as whole.
For now.
The most important thing this tariff does is level a historically skewed playing field.
China, and most of the companies complaining about this tariff, have benefited immensely over the last five years from a market flooded with cheap, less effective, imported cells and modules.
C-Si can't hang with thin film PV in the long term. That's why China has been relentlessly dumping. To kill the thin film market in the US.
Well, that's over now.
First Solars tech has always proven more reliable long term.
The trade off is slightly lower conversion efficiency.
It's what has allowed First Solar to survive a volatile market.
Series 6 is a watershed moment for First Solar.
Combined with these tariffs and the lower corporate tax rate, it's safe to say First Solar is positioned quite nicely.
This is going higher. $100 is in play this year, and there was a time, not that long ago, that I never pictured saying that again.
All imo of course.
Tariff on imported solar panels announced tonight. 30% tariffs
$FSLR...I JUST NOTICED HOW WELL THE ROBOT HANDLED THIS TRADE = SEE THE ARROWS $64.20 TO $67.25
https://pbs.twimg.com/media/DQeDOftXUAA8shJ.jpg
GOP Tax Bill may be problematic for wind and solar power providers
http://time.com/5042881/tax-reform-bill-solar-wind-power-renewable-energy/
I would not short FSLR here. I would wait to buy FSLR after it fills that gap in the chart, though.
Hi MJ, Re: Cajunas.......
Today's trading looked like a low blow. Hope the day went well for you.
How's that short position working out for you?
How's that short position going for you?
Love when first and second quarter earnings are nice and all the milk toasts sell their stock before third quarter release. If you did that, no cajunas and probably should find something else to do instead of playing the market. Sorry, it had to be said!!!
Hi SM, Re: + and - signs...........
Yep. Generally I'm adding or trimming in about 10% increments to the position. Minus signs indicate selling while plus signs are buys. The "cash" is shown in green while equity position is in red. So, you can see the correlation between changes in the cash reserve each time there's a trade. The lower graph is "stacked bar" so shows the sum of the cash and the equity value so the top of each bar is the total value for that week including then current cash.
It makes stock ownership more like "inventory control" as I maintain a core position all the time and just trim and back-fill. Think of it as running an "Equity Warehouse."
nice, are all the (-) places you sold, and (+) where you bought?
anyway nice trading congrat$
Happy earnings surprise today. I managed to liberate 10% of the holding at a very nice price.
It's not been easy to stick with this holding during the dull times. However, averaging down is finally starting to pay off. Price/Share is up just 14% since starting this position. The account value thru trading is up 28% and share ownership is up 62%.
FSLR could go either way. Seems like a tug of war
First Solar, Inc. (FSLR) Was Increased Rating To “Buy”
First Solar, Inc. (NASDAQ:FSLR) was increased rating by analysts at Deutsche Bank AG from a "hold" rating to a "buy" rating in an exploration note issued on Friday, Marketbeat Ratings reports. The analysts as of now has a $65.00 value objective on the solar cell producer's stock, up from their past value target of $50.00. Deutsche Bank AG's value target would show a potential upside of 28.84% from the company's past close.
http://www.stocksmarketnews.com/first-solar-inc-fslr-was-increased-rating-to-buy/
this is ready to be shorted bigtime! yikes
Is anyone concerned about the gaps in the chart of FSLR? Usually they eventually get filled. I have seen that happen too many times--even intraday.
Rumor that new border wall will have solar panels from First solar???
Can't find anything on FSLR website about the gorilla glass panels. Anybody got a link? I want to use those next time as 12Kg panels are pretty heavy to hump around.
$FSLR Some of the key players in global Building-Integrated Photovoltaics market are Ascent Solar Technologies Inc $ASTI , Amari Austria GMBH, Belectric Holding GmbH, Dyesol Ltd, Cadcamation KMR SA, Fraunhofer ISE, $FSLR First Solar, Film Optics Ltd, ertex solartechnik GmbH, Power Film Inc, Hanergy Holding Group Limited, Beijing Ja Solar PV Technology Co. Ltd., BGT Bischoff Glastechnik AG, Sharp Solar, Onyx Solar Energy S.L, Sanyo, Pythagoras Solar, $TSL Trina Solar, $YGE Yingli Solar, Advanced Solar Power (Hangzhou) Co. Ltd., Konarka Technologies Inc, Wirtschaft Und Infrastruktur Gmbh & Co Planungs Kg, Wurth Solar GMBH & CO. KG and Kyocera Corporation.
http://www.military-technologies.net/2017/04/11/building-integrated-photovoltaics-market-report-trends-size-share-analysis-estimations-and-forecasts-to-2022/
First Solar -1.7% on Baird downgrade
First Solar (NASDAQ:FSLR) -1.7% premarket after Baird downgrades shares to Neutral from Outperform with a $38 price target, citing valuation.
FSLR rose ~28% over the past month, driven by execution toward Series 6 production, selling of Series 4 inventory, and potential for tariffs to be applied on foreign cell imports by the U.S. ITC, but Baird believes tariffs would be detrimental to U.S. solar markets and expects trade groups to fight against them.
The firm says it seeks clarity on Series 6 margins or a better entry point before becoming more constructive on the stock.
First Solar, Inc. Announces First Quarter 2017 Financial Results
Date : 05/02/2017 @ 4:03PM
Source : Business Wire
Stock : First Solar, Inc. (MM) (FSLR)
Quote : 34.52 0.28 (0.82%) @ 2:42PM
First Solar, Inc. Announces First Quarter 2017 Financial Results
Print
Alert
First Solar, Inc. (MM) (NASDAQ:FSLR)
Historical Stock Chart
1 Month : From Apr 2017 to May 2017
Click Here for more First Solar, Inc. (MM) Charts.
Net sales of $892 million
GAAP EPS of $0.09 and non-GAAP EPS of $0.25
Cash and marketable securities of $2.4 billion, net cash of $2.2 billion
Raises 2017 revenue, EPS, operating cash flow and net cash guidance
First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the first quarter of 2017. Net sales for the first quarter were $892 million, an increase of $561 million from the prior quarter primarily due to the sale of the Moapa project, partially offset by lower third-party module sales.
The Company reported first quarter earnings of $0.09 per share, compared to a loss of $(7.22) per share in the prior quarter. The first quarter was impacted by pre-tax restructuring and asset impairment charges of $20 million, related to previously announced actions. Restructuring and asset impairment charges in the fourth quarter were $729 million. Net income increased versus the prior quarter primarily as a result of higher net sales, lower restructuring and asset impairment charges and an increase in other income. First quarter non-GAAP earnings per share, adjusted for restructuring and asset impairment charges, were $0.25.
Cash and marketable securities at the end of the first quarter increased to $2.4 billion from $2.0 billion in the prior quarter. The increase was primarily due to receipt of the remaining payments for the Moapa project and other project receipts. Cash flows from operations were $493 million in the first quarter.
“Our first quarter results and the sale of our Moapa project are a solid start to 2017,” said Mark Widmar, CEO of First Solar. “The transition to our Series 6 product continues to progress from both a technology and commercial standpoint. We are excited about the competitive position of Series 6 and the long-term opportunities it enables.”
The Company raised its revenue, EPS, operating cash flow and net cash guidance based on improved operational performance and increased visibility into certain upcoming project sales. GAAP EPS was also raised due to a decrease in expected remaining restructuring and asset impairment charges. Operating expenses increased as a result of certain costs previously forecasted to be recorded in cost of sales that are now expected to impact production start-up.
2017 Guidance Prior GAAP Current GAAP Prior Non-GAAP Current Non-GAAP
Net Sales $2.8B to $2.9B $2.85B to $2.95B
Gross Margin % 11% to 13% 12.5% to 14.5%
Operating Expenses $335M to $380M $360M to $405M $280M to $300M $320M to $340M
Operating Income $(40M) to $25M $(25M) to $40M $40M to $80M Unchanged
Earnings per Share $(0.80) to $(0.05) $(0.30) to $0.40 $0.00 to $0.50 $0.25 to $0.75
Net Cash Balance1 $1.4B to $1.6B $1.5B to $1.7B
Operating Cash Flow $250M to $350M $350M to $450M
Capital Expenditures $525M to $625M Unchanged
Shipments 2.4GW to 2.6GW Unchanged
1. Defined as cash and marketable securities less expected debt at the end of 2017
For a reconciliation of the non-GAAP measures presented above to measures presented in accordance with generally accepted accounting principles in the United States (“GAAP”), see the tables below.
First Solar has scheduled a conference call for today, May 2, 2017 at 4:30 p.m. ET to discuss this announcement. A live webcast of this conference call is available at http://investor.firstsolar.com/events.cfm.
An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until May 9, 2017 at 7:30 p.m. ET and can be accessed by dialing 888-203-1112 if you are calling from within the United States or 719-457-0820 if you are calling from outside the United States and entering the replay pass code 8971725. A replay of the webcast will be available on the Investors section of the Company’s website approximately two hours after the conclusion of the call and will remain available for approximately 90 calendar days.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (“PV”) solar systems which use its advanced module and system technology. The Company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar's renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: effects on our financial statements and guidance resulting from certain module manufacturing changes and associated restructuring activities; our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs (including estimated future module collection and recycling costs), warranties, solar module technology and cost reduction roadmaps, restructuring, product reliability, investments in unconsolidated affiliates and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; our ability to expand manufacturing capacity worldwide; our ability to reduce the costs to construct PV solar power systems; research and development programs and our ability to improve the conversion efficiency of our solar modules; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as "estimate," "expect," "anticipate," "project," "plan," "intend," "seek," "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue" and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in Item 1A "Risk Factors," of our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission.
FIRST SOLAR, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
March 31,
2017
December 31,
2016
ASSETS
Current assets:
Cash $ 1,656,245 $ 1,347,155
Marketable securities 789,442 607,991
Accounts receivable trade, net 151,186 266,687
Accounts receivable, unbilled and retainage 70,536 206,739
Inventories 432,602 363,219
Balance of systems parts 33,269 62,776
Project assets — 700,800
Notes receivable, affiliate 19,600 15,000
Prepaid expenses and other current assets 177,358 217,462
Total current assets 3,330,238 3,787,829
Property, plant and equipment, net 691,767 629,142
PV solar power systems, net 452,074 448,601
Project assets 960,089 762,148
Deferred tax assets, net 251,453 255,152
Restricted cash and investments 355,237 371,307
Investments in unconsolidated affiliates and joint ventures 228,469 234,610
Goodwill 14,462 14,462
Other intangibles, net 85,902 87,970
Inventories 99,714 100,512
Notes receivable, affiliates 49,994 54,737
Other assets 85,104 77,898
Total assets $ 6,604,503 $ 6,824,368
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 143,455 $ 148,730
Income taxes payable 5,002 12,562
Accrued expenses 185,337 262,977
Current portion of long-term debt 11,540 27,966
Deferred revenue 24,754 308,704
Other current liabilities 156,963 146,942
Total current liabilities 527,051 907,881
Accrued solar module collection and recycling liability 169,071 166,277
Long-term debt 265,823 160,422
Other liabilities 414,752 371,439
Total liabilities 1,376,697 1,606,019
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 104,289,617 and 104,034,731 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 104 104
Additional paid-in capital 2,767,941 2,765,310
Accumulated earnings 2,471,971 2,462,842
Accumulated other comprehensive loss (12,210 ) (9,907 )
Total stockholders’ equity 5,227,806 5,218,349
Total liabilities and stockholders’ equity $ 6,604,503 $ 6,824,368
FIRST SOLAR, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31,
2017 2016
Net sales $ 891,791 $ 876,068
Cost of sales 807,607 598,457
Gross profit 84,184 277,611
Operating expenses:
Research and development 22,799 30,187
Selling, general and administrative 48,199 67,503
Production start-up 1,150 —
Restructuring and asset impairments 20,031 —
Total operating expenses 92,179 97,690
Operating (loss) income (7,995 ) 179,921
Foreign currency gain (loss), net 246 (3,240 )
Interest income 6,417 6,406
Interest expense, net (9,169 ) (4,642 )
Other income, net 25,861 35,553
Income before taxes and equity in earnings of unconsolidated affiliates 15,360 213,998
Income tax expense (5,679 ) (28,031 )
Equity in earnings of unconsolidated affiliates, net of tax (552 ) 9,669
Net income $ 9,129 $ 195,636
Net income per share:
Basic $ 0.09 $ 1.92
Diluted $ 0.09 $ 1.90
Weighted-average number of shares used in per share calculations:
Basic 104,103 101,853
Diluted 104,410 102,919
Adjustments to Previously Reported Financial Statement from the Adoption of Accounting Standards Update 2014-09
The following table presents the effect of the adoption of Accounting Standards Update ("ASU") 2014-09 on our condensed consolidated statement of operations for the three months ended December 31, 2016 (in thousands, except per share amounts):
Three Months Ended December 31, 2016
As Reported
Adoption of
ASU 2014-09
As Adjusted
Net sales $ 480,434 $ (149,639 ) $ 330,795
Cost of sales 416,845 (93,898 ) 322,947
Gross profit 63,589 (55,741 ) 7,848
Operating loss (765,412 ) (55,741 ) (821,153 )
Loss before taxes and equity in earnings of unconsolidated affiliates (776,451 ) (55,741 ) (832,192 )
Income tax expense (89,707 ) 33,654 (56,053 )
Equity in earnings of unconsolidated affiliates, net of tax 146,298 (8,843 ) 137,455
Net loss (719,860 ) (30,930 ) (750,790 )
Basic net loss per share $ (6.92 ) $
(0.30
) $ (7.22 )
Diluted net loss per share $ (6.92 ) $
(0.30
) $ (7.22 )
Non-GAAP Financial Measures
In the press release above, we provided non-GAAP earnings per share for the three months ended March 31, 2017. We have included this non-GAAP financial measure to adjust for (i) restructuring, asset impairment and related charges primarily associated with the transition from Series 4 to Series 6 production and (ii) the tax effect associated with these items. We believe non-GAAP earnings per share, when taken together with corresponding GAAP financial measures, to be relevant and useful information to our investors because it provides them with additional information in assessing our financial operating results. Our management uses this non-GAAP financial measure in evaluating our operating performance. However, this measure has limitations, including that it excludes the effect of certain changes to our assets and liabilities and certain amounts that we may ultimately have to pay in cash. Accordingly, this non-GAAP financial measure should be considered in addition to, and not as a substitute for, or superior to net earnings per share prepared in accordance with GAAP. The following is the reconciliation of earnings per share prepared in accordance with GAAP to non-GAAP earnings per share for each period presented (in millions, except per share amounts):
Three Months Ended
March 31, 2017
Net income $ 9.1
Restructuring and asset impairments 20.0
Tax effect* (2.7 )
Non-GAAP net income $ 26.4
Weighted-average number of shares used for diluted earnings per share 104.4
Diluted GAAP earnings per share
$ 0.09
Diluted non-GAAP earnings per share
$ 0.25
*Restructuring treated as a non-discrete item for tax purposes and will be reflected in the effective tax rate over the duration of 2017.
In the press release above, we provided non-GAAP guidance as of the date of this press release for our operating expenses, operating income and earnings per share for the year ending December 31, 2017. We have included these forward-looking non-GAAP financial measures to adjust our GAAP projections of such financial measures for, as applicable, (i) restructuring, asset impairment and related charges primarily associated with the transition from Series 4 to Series 6 production and (ii) additional restructuring activities expected during the remainder of the year. Other GAAP charges, including those related to certain asset impairments, restructuring programs or litigation, that would be excluded from non-GAAP earnings per share are possible for the periods presented, but such amounts are dependent on numerous factors that we currently cannot ascertain with sufficient certainty or are presently unknown. These GAAP charges are also dependent upon future events and valuations that have not yet occurred or been performed. We believe these forward-looking non-GAAP financial measures, when taken together with our corresponding financial guidance based on GAAP, to be relevant and useful information to our investors because they provide them with additional information in assessing our financial operating results. Our management also uses such non-GAAP guidance in evaluating our operating performance. However, such measures have limitations, including that they exclude the effect of certain changes to our assets and liabilities, certain amounts that we may ultimately have to pay in cash and certain tax impacts. Accordingly, these forward-looking non-GAAP financial measures that exclude the aforementioned items should be considered in addition to, and not as substitutes for or superior to, financial guidance based on GAAP. The following are the reconciliations of our current and prior non-GAAP 2017 guidance to our current and prior GAAP 2017 guidance (in millions, except per share amounts):
Reconciliation of Non-GAAP 2017 Guidance to GAAP 2017 Guidance
GAAP
Guidance
Restructuring
Charges1
Non-GAAP
Guidance
Operating Expenses $360 to $405 $(40) to $(65) $320 to $340
Operating Income $(25) to $40 $65 to $40 $40 to $80
Earnings per Share $(0.30) to $0.40 $0.55 to $0.35 $0.25 to $0.75
1. $40 to $65 million of restructuring related charges associated with the acceleration of our transition to Series 6 module manufacturing.
Reconciliation of Prior Non-GAAP 2017 Guidance to Prior GAAP 2017 Guidance
GAAP
Guidance
Restructuring
Charges1
Non-GAAP
Guidance
Operating Expenses $335 to $380 $(55) to $(80) $280 to $300
Operating Income $(40) to $25 $80 to $55 $40 to $80
Earnings per Share
$(0.80) to $(0.05)
$0.80 to $0.55 $0.00 to $0.50
1. $55 to $80 million of restructuring related charges associated with the acceleration of our transition to Series 6 module manufacturing.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170502006804/en/
First Solar Investors
First Solar upgraded at JMP Securities on trade petition potential
First Solar (FSLR -0.7%) is upgraded to Market Perform from Underperform at JMP Securities, which says a petition related to foreign manufactured crystalline silicon cells and modules filed with the U.S. International Trade Commission by bankrupt solar cell maker Suniva could benefit the company.
According to TheFly.com, JMP says that while it is difficult to predict an outcome, recent actions from the Trump administration on other trade issues suggest there is a chance that the USITC petition could be signed, and that the result for FSLR would be "materially positive" as it would likely improve the company's competitive prospects in the U.S.
The firm also notes that FSLR likely would be able to move product into the U.S. from its Malaysian facility - which is expected to represent 75% of total manufacturing capacity by the end of 2019 - without facing tariffs.
$FSLR Some of the key players in global Building-Integrated Photovoltaics market are Ascent Solar Technologies Inc, Amari Austria GMBH, Belectric Holding GmbH, Dyesol Ltd, Cadcamation KMR SA, Fraunhofer ISE, First Solar, Film Optics Ltd, ertex solartechnik GmbH, Power Film Inc, Hanergy Holding Group Limited, Beijing Ja Solar PV Technology Co. Ltd., BGT Bischoff Glastechnik AG, Sharp Solar, Suntech Power, Onyx Solar Energy S.L, Sanyo, Pythagoras Solar, Trina Solar, Yingli Solar, Advanced Solar Power (Hangzhou) Co. Ltd., Konarka Technologies Inc, Wirtschaft Und Infrastruktur Gmbh & Co Planungs Kg, Wurth Solar GMBH & CO. KG and Kyocera Corporation.
http://www.military-technologies.net/2017/04/11/building-integrated-photovoltaics-market-report-trends-size-share-analysis-estimations-and-forecasts-to-2022/
The shorts are having a celebration daily here.
With 25% of the market short on this you would think even the slightest rise would cause a squeeze here.
I don't even really disagree with you.
I'm a FSLR bull for life, but the S6 timeline has already been laid out. Minus inking a S6 deal, which very well could happen, I'm not seeing a ton of upside in the next year.
I think the S6 deals start coming once the technology is proven.
S6 in general, is a huge improvement over their existing panels, just in form factor alone. The guys installing panels in the field are already used to the 4x6 modules, so moving to that is a huge win.
As for the tech, the underlying process doesn't change much, it simply gets bigger. I'm fully confident they can pull it off, but the timeline is insanely tight.
I'll continue saying what I've always said, FSLR will be a winner for those with patience and foresight.
Thanks for the replies.
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First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. The company?s solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. It sells its products to project developers, system integrators, and operators of renewable energy projects primarily in Europe. First Solar also focuses on designing and deploying commercial solar projects for utilities in the United States. The company was founded in 1999. It was formerly known as First Solar Holdings, LLC, and changed its name to First Solar Holdings, Inc. and subsequently to First Solar, Inc. in 2006. The company is headquartered in Tempe, Arizona.
(602) 414-9300
(602) 414-9400
info@firstsolar.com
http://www.firstsolar.com/
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