Key Developments: First Solar Inc (FSLR.O)

FSLR.O on Nasdaq

62.03USD
1 Aug 2014
Price Change (% chg)

$-1.08 (-1.71%)
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Latest Key Developments (Source: Significant Developments)

First Solar Inc to acquire technology provider skytron-energy from AEG Power Solutions
Tuesday, 3 Jun 2014 03:01am EDT 

First Solar Inc:Enters into an agreement to acquire skytron-energy, a subsidiary of AEG Power Solutions, which provides utility-scale photovoltaic (PV) power plant management systems, Operations and Maintenance (O&M) services, data monitoring technology, and equipment to solar power plants throughout Europe.Acquisition is subject to consent by the German merger control authorities (Bundeskartellamt).Terms of the deal were not disclosed.Acquisition supports First Solar`s initiative to provide full, end-to-end energy solutions that vertically integrate solar services and solutions.Says it broadens First Solar`s portfolio of energy assets operated and maintained by the company and establishes a strategic opportunity to offer additional value-added services to both existing and new customers in Europe.  Full Article

First Solar sells Macho Springs Solar Project
Friday, 23 May 2014 09:00am EDT 

First Solar Inc:To sell 50 megawatt (MW)ACMacho Springs Solar Power Plant to Southern Company subsidiary Southern Power and Turner Renewable Energy.Terms of the deal were not disclosed.  Full Article

First Solar Inc to build 42.76MW for EDF renewable energy
Wednesday, 7 May 2014 06:30am EDT 

First Solar Inc:Company has selected as turnkey Engineering, Procurement and Construction (EPC) contractor.Contract is for two projects under development by EDF Renewable Energy in California.First Solar and EDF Renewable Energy have signed EPC agreements for 19.76 Megawatt (MW) AC CID Solar Project, located in Kings County and 23MWAC Cottonwood Solar Project, consisting of two sites.  Full Article

First Solar Inc raises FY 2014 outlook
Tuesday, 6 May 2014 04:01pm EDT 

First Solar Inc:Expects FY 2014 operating income in the range of $290 to $340 mln, compared to prior guidance of $270 to $320 mln.Expects FY 2014 earnings per fully diluted share guidance of $2.40 to $2.80, compared to prior guidance of $2.20 to $2.60.FY 2014 EBIT of $294 mln, EPS of $2.49 - Thomson Reuters I/B/E/S.  Full Article

First Solar Inc to build 42.76MW for EDF renewable energy
Tuesday, 6 May 2014 08:00am EDT 

First Solar Inc:Says has been selected as turnkey Engineering, Procurement and Construction (EPC) contractor for two projects under development by EDF Renewable Energy in California.First Solar and EDF Renewable Energy have signed EPC agreements for 19.76 Megawatt (MW)ACCID Solar Project, located in Kings County.23MWACCottonwood Solar Project, consisting of two sites, one located in Kings County and other in Kern County.CID Solar Project has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Company.Cottonwood project has PPA with Marin Clean Energy.  Full Article

First Solar Inc gives FY 2014, 2015, 2016 outlook
Wednesday, 19 Mar 2014 10:45am EDT 

First Solar Inc:Expects FY 2014 net sales of $3.7 to $4.0 bln.Expects FY 2014 diluted earnings per share to be between $2.20 and $2.60.Expects FY 2014 consolidated operating income to be between $270 and $320 mln.Expects FY 2015 net sales of $3.8 to $4.3 bln.Expects FY 2015 earnings per fully diluted share of $4.50-$6.00.Expects FY 2016 net sales of $3.8 to $4.5 bln.Expects FY 2016 earnings per fully diluted share of $3.50-$5.00.FY 2014 revenue of $3.8 bln - Thomson Reuters I/B/E/S.FY 2015 revenue of $4.2 bln - Thomson Reuters I/B/E/S.FY 2016 revenue of $3.9 bln - Thomson Reuters I/B/E/S.  Full Article

First Solar Inc, Shams Ma'an Consortium secure 20 year PPA for 52MW Jordan project
Tuesday, 18 Mar 2014 10:00pm EDT 

First Solar Inc and Shams Ma'an Power Generation:Signs power purchase agreement (PPA) for a planned 52.5 megawatt (MWAC) solar power plant in Hashemite Kingdom of Jordan.PPA was signed with National Electric Power Company (NEPCO), regulatory authority for power generation and distribution, and is valid for 20 years.Shams Ma'an Power Generation PSC - which counts First Solar GmbH as a shareholder - was established to pursue solar energy opportunities in the country.In addition to supplying its advanced thin film photovoltaic (PV) solar modules, First Solar will also provide engineering, procurement and construction (EPC), and operations and maintenance (O&M) services for project.  Full Article

First Solar Inc gives Q1 2014 guidance; EPS guidance below analysts' estimates
Tuesday, 25 Feb 2014 04:05pm EST 

First Solar Inc:Expects Q1 2014 net sales of $800 mln to $900 mln.Expects Q1 2014 EPS of $0.50 to $0.60 per fully diluted share.Q1 2014 revenue of $898 mln and EPS of $0.84 - Thomson Reuters I/B/E/S.  Full Article

First Solar Inc Signs Power Purchase Agreements for 40MW Kingbird Solar Project
Tuesday, 12 Nov 2013 08:00am EST 

First Solar Inc announced that it has signed power purchase agreements (PPA) with member cities of the Southern California Public Power Authority (SCPPA) for electricity to be generated at the 40 megawatt (MW)AC Kingbird photovoltaic solar power plant in Kern County, California. First Solar is developing - and will construct - the project.  Full Article

First Solar Inc Lowers FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance
Thursday, 31 Oct 2013 04:05pm EDT 

First Solar Inc announced that for fiscal 2013, it expects net sales of $3.4 billion and $3.6 billion, as compared to previous range of $3.6 and $3.8 billion, diluted earnings per share (EPS) is expected to be between $4.25 to $4.50, as compared to previous range of $3.75 to $4.25, and operating income (EBIT) is expected to be between $470million and $490 million, as compared to previous range of $405 million and $435 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.6 billion, EPS of $3.77 and EBIT of $419 million for fiscal 2013.  Full Article

First Solar raises full-year profit outlook, shares rise

- First Solar Inc increased its full-year earnings forecast as its quarterly profit nearly doubled, helped by higher sales and a fall in operating expenses.

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