Key Developments: First Solar Inc (FSLR.O)

FSLR.O on Nasdaq

65.53USD
28 Jul 2014
Price Change (% chg)

$1.48 (+2.31%)
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$64.05
Open
$65.31
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$66.68
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$65.31
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$74.84
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Latest Key Developments (Source: Significant Developments)

First Solar Inc to Acquire TetraSun
Tuesday, 9 Apr 2013 03:10pm EDT 

First Solar Inc announced it is acquiring TetraSun, a solar photovoltaic (PV) technology startup which has developed a break-through cell architecture capable of conversion efficiencies exceeding 21% with commercial-scale manufacturing costs comparable to conventional multicrystalline silicon solar cells. First Solar signed a definitive agreement to acquire TetraSun from JX Nippon Oil & Energy Corporation and other investors, including TetraSun management. Terms of the transaction, which is expected to close in the second quarter of 2013, were not disclosed. First Solar and JX Nippon Oil & Energy also have entered into discussions on an agreement to distribute the technology in Japan. First Solar announced it is acquiring TetraSun, which has developed a break-through cell architecture capable of conversion efficiencies exceeding 21% with commercial-scale manufacturing costs comparable to conventional multicrystalline silicon solar cells. All fourteen of TetraSun`s associates will join First Solar and continue to be based in San Jose, Calif.  Full Article

First Solar Inc Issues FY 2013 Guidance Above Analysts' Estimates
Tuesday, 9 Apr 2013 01:33pm EDT 

First Solar Inc announced that for fiscal 2013, it expects net sales of $3.8 and $4.0 billion, including approximately $3.6 billion in net sales from systems sales, diluted earnings per share (EPS) is expected to be between $4.00 and $4.50, and consolidated operating income is expected to be between $430 and $460 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.1 billion, EBIT of $365 million and EPS of $3.51 for fiscal 2013. .  Full Article

First Solar Inc Issues Q1 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Tuesday, 26 Feb 2013 04:03pm EST 

First Solar Inc announced that for first quarter of 2013, it expects net sales of $650 to $750 million, operating income of $70 to $100 million and EPS of $0.70 to $0.90 per fully diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $827 million, EBIT of $91 million and EPS of $0.89 for first quarter of 2013.  Full Article

First Solar Inc Fundación Chile Announces Acquisition Chilean Project Developer Solar Chile
Wednesday, 9 Jan 2013 04:30am EST 

First Solar Inc and Fundación Chile announced that First Solar has acquired Solar Chile, a Santiago-based solar development company in which Fundación Chile was an early investor. This culminates a strategic working alliance the two companies formed in October 2011. Terms of the transaction were not disclosed.  Full Article

First Solar Inc Lowers FY 2012 Revenue Guidance; Raises Low End Of Prior FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
Thursday, 1 Nov 2012 04:02pm EDT 

First Solar Inc announced that for fiscal 2012, it expects net sales of $3.5 to $3.8 billion, compared to prior guidance of $3.6 to $3.9 billion and non-GAAP earnings per fully diluted share (EPS) of $4.40 to $4.70, compared to prior guidance of $4.20 to $4.70. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $3.7 billion and EPS of $4.43 for fiscal 2012.  Full Article

First Solar Inc to Build 13MW Solar Power Plant for Dubai Electricity & Water Authority
Wednesday, 17 Oct 2012 01:30pm EDT 

First Solar Inc announced it has been selected by the Dubai Electricity & Water Authority (DEWA) to construct a 13 megawatt (MWDC) solar photovoltaic (PV) power plant in Seih Al Dahal, approximately 50 kilometers south of Dubai. Under the terms of the agreement, First Solar will provide engineering, procurement and construction services, as well as its advanced thin-film PV modules.  Full Article

First Solar Inc And PT. Pembangkitan Jawa Bali Services Signs Agreement On Development Of Solar Power Plants In Indonesia
Tuesday, 16 Oct 2012 03:15am EDT 

First Solar Inc and PT. Pembangkitan Jawa Bali Services (PJB Services) of Indonesia signed a memorandum of understanding (MOU) to collaborate on the delivery of 100 megawatts (MW) of utility-scale solar power plants in Indonesia in order to address the growing energy demand in the country.  Full Article

First Solar Inc Wins 50 MW Order From Kiran Energy, Mahindra Solar One-Business Line
Monday, 8 Oct 2012 07:00am EDT 

Business Line reported that First Solar Inc has bagged an order for the supply of 50 MW worth of solar photo voltaic panels from Kiran Energy and Mahindra Solar One. Kiran Energy won a 20 MW project in the second round of bidding under the National Solar Mission. Mahindra Solar One won two projects, of 20 MW and 10 MW, in the same round. These projects are coming up in Rajasthan. Both the companies quoted a tariff of INR9.34 a unit. First Solar will supply more than 585,000 thin-film solar modules for the two companies. Construction of both project are expected to begin this year and will be completed in the first quarter of 2013. The value of the order has not been disclosed.  Full Article

First Solar Inc and PG&E Sign Contracts for 72 Megawatts of Solar Photovoltaic Electricity
Tuesday, 11 Sep 2012 08:30am EDT 

First Solar Inc announced that it has signed power purchase agreements with Pacific Gas and Electric Company (PG&E) for 72 megawatts AC of solar electricity to be generated at two photovoltaic power plants that First Solar is developing in central California.  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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