Key Developments: First Solar Inc (FSLR.O)

FSLR.O on Nasdaq

70.62USD
24 Apr 2014
Price Change (% chg)

$0.58 (+0.83%)
Prev Close
$70.04
Open
$70.84
Day's High
$71.46
Day's Low
$68.77
Volume
2,552,145
Avg. Vol
5,106,318
52-wk High
$74.84
52-wk Low
$35.59

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Latest Key Developments (Source: Significant Developments)

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 Inc To Build 250MW Power Plant In California For Nextera Energy Resources
Wednesday, 16 Oct 2013 08:00am EDT 

First Solar Inc announced that it has entered into an agreement to construct a 250 megawatt (MW)AC solar power plant in Riverside County, California, for a subsidiary of NextEra Energy Resources, LLC. The McCoy Solar Energy Project will be located on approximately 2,300 acres of mostly public land provided by the Bureau of Land Management (BLM) approximately 13 miles northwest of Blythe, California. Under the agreement, First Solar will provide Engineering, Procurement and Construction services, using First Solar`s cadmium telluride (CdTe) photovoltaic thin-film modules. The project is located near the 550MWAC Desert Sunlight Solar Farm, jointly owned by a subsidiary of NextEra, GE Energy Financial Services, and Sumitomo Corporation of America, currently under construction by First Solar. An affiliate of NextEra Energy Resources also previously purchased two projects built by First Solar in Canada. Construction is expected to begin in late 2014, with completion in late 2016. The project will provide up to 400 construction jobs at peak operation.  Full Article

First Solar Inc Acquires 250MW Moapa Project In Nevada From K Road Power
Thursday, 26 Sep 2013 08:00am EDT 

First Solar, Inc and K Road Power Holdings LLC announced today that First Solar has acquired from K Road the 250 megawatt (MW)AC photovoltaic Moapa Solar Project in Nevada. The Moapa Solar Project, located on the Moapa River Indian Reservation in Clark County, northeast of Las Vegas, Nevada. The project is in an advanced stage of development, and has in place a 25-year Power Purchase Agreement (PPA) with the Los Angeles Department of Water and Power (LADWP).  Full Article

First Solar Inc Signs Contract For Lost Hills PPA
Tuesday, 20 Aug 2013 08:00am EDT 

First Solar, Inc. announced that they have signed a power purchase agreement (PPA) for 32MWAC of solar electricity to be generated at the Lost Hills photovoltaic power plant that First Solar is developing and will construct in Kern County, California. The 10-year PPA is First Solar's first such agreement with a municipal utility, and is effective in 2015. The PPA was approved by the Roseville City Council on July 17, 2013. The Lost Hills project construction could start in early 2014, and is expected to create up to 200 jobs at its peak.  Full Article

First Solar Inc Acquires US And Mexico Portfolio From Element Power-DJ
Tuesday, 6 Aug 2013 04:08pm EDT 

Dow Jones reported that First Solar Inc has acquired a pipeline of U.S. and Mexico development assets from Element Power. The 1.5 GW pipeline includes geographically diverse projects in various stages of development. Terms of the deal were not disclosed. Included in the pipeline are projects in California, Arizona, Texas, Georgia, North Carolina, Colorado, Louisiana and Illinois. The projects are competitively positioned in their respective markets and have secured site options and interconnect queue positions, and are at various stages of environmental screening and permitting.  Full Article

First Solar Inc Lowers FY 2013 Guidance
Tuesday, 6 Aug 2013 04:04pm EDT 

First Solar Inc announced that for fiscal 2013, it expects net sales of $3.6 billion and $3.8 billion, as compared to previous range of $3.8 and $4.0 billion, diluted earnings per share (EPS) is expected to be between $3.75 to $4.25, as compared to previous range of $4.00 and $4.50, and consolidated operating income is expected to be between $405 million and $435 million, as compared to previous range of $430 million and $460 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.8 billion, EBIT of $436 million and EPS of $4.13 for fiscal 2013.  Full Article

US STOCKS-Wall St drops after Yellen moves up possible rate hike

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