Key Developments: First Solar Inc (FSLR.O)

FSLR.O on Nasdaq

56.78USD
4 May 2015
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$-0.56 (-0.98%)
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Latest Key Developments (Source: Significant Developments)

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

First Solar Inc To Build New Mexico Solar Projects Totaling 23MW For PNM
Wednesday, 24 Jul 2013 08:25am EDT 

First Solar Inc announced an agreement with Public Service Company of New Mexico (PNM) to construct three solar power plants totaling 23 megawatts (MW)AC of generating capacity. Under the agreement, First Solar is expected to provide engineering, procurement and construction (EPC) services, using its advanced thin-film photovoltaic (PV) modules. PNM is the electrical provider in New Mexico, serving more than 500,000 customers in dozens of communities across the state.  Full Article

First Solar Inc Announces Pricing Of Common Stock Offering
Wednesday, 12 Jun 2013 09:17pm EDT 

First Solar Inc announced the pricing of an underwritten public offering of 8,500,000 shares of its common stock at a price of $46.00 per share. Closing of the offering is expected to occur on June 18, 2013, subject to customary closing conditions. In addition, First Solar has granted the underwriters a 30-day option to purchase up to 1,275,000 shares of common stock. First Solar intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions of under development photovoltaic solar power system projects, investments in photovoltaic solar power system projects that will be jointly developed with strategic partners and capital expenditures or strategic investments to develop certain business units and expand in new geographies. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Credit Suisse, HSBC, Credit Agricole CIB and Goldman, Sachs & Co. are also acting as book-running managers for the offering. Lazard Frères & Co. LLC acted as financial advisor to First Solar.  Full Article

First Solar Inc Announces Public Offering of Common Stock
Tuesday, 11 Jun 2013 04:51pm EDT 

First Solar Inc announced the commencement of an underwritten public offering of 8,500,000 shares of its common stock. In addition, First Solar will grant the underwriters a 30-day option to purchase up to 1,275,000 shares of common stock. First Solar intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions of under development photovoltaic solar power system projects, investments in photovoltaic solar power system projects that will be jointly developed with strategic partners and capital expenditures or strategic investments to develop certain business units and expand in new geographies. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Credit Suisse, HSBC, Credit Agricole CIB and Goldman, Sachs & Co. are also acting as book-running managers for the offering.  Full Article

SunPower, First Solar post loss ahead of spinoff of some plants

- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity.

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