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First Solar Inc (FSLR.OQ)

FSLR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Sunpower comments on First Solar's announcement on 8point3 Energy Partners
Wednesday, 5 Apr 2017 04:07pm EDT 

Sunpower Corp : Sunpower comments on First Solar's announcement concerning its interests in 8point3 Energy Partners . Sunpower-Evaluating strategic options for Yieldco JV, 8point3 Energy Partners, after announcement by its JV General Partner, First Solar regarding 8point3 .Sunpower - Co, First Solar will coordinate review, which will include, but is not limited to, a potential replacement partner for First Solar.  Full Article

First Solar to review alternatives for the sale of its interests in 8point3 Energy Partners
Wednesday, 5 Apr 2017 04:05pm EDT 

First Solar Inc : First Solar to review alternatives for the sale of its interests in 8point3 Energy Partners . First Solar Inc - seeks to fully align resources and capital in support of transition to series 6 offering . First Solar Inc - first solar will coordinate review with its partner Sunpower . First Solar Inc - exploring options for sale of its interests in 8point3 in order to "refocus resources on series 6 objectives" . First Solar Inc - first solar intends to accelerate return of capital from its systems business by selling projects earlier in construction phase .First Solar Inc - if 8point3 is unable to acquire projects earlier in construction phase, co expects to sell these projects to third parties.  Full Article

First Solar sells Moapa solar project to capital dynamics
Thursday, 30 Mar 2017 08:00am EDT 

First Solar Inc : First Solar sells Moapa solar project to Capital Dynamics .First Solar Inc - terms of deal were not disclosed.  Full Article

First Solar reports Q4 gaap loss per share $6.92
Tuesday, 21 Feb 2017 04:06pm EST 

First Solar Inc - : First Solar Inc announces fourth quarter & full year 2016 financial results . Q4 gaap loss per share $6.92 . Q4 sales $480 million versus I/B/E/S view $412.8 million . Q4 earnings per share view $0.97 -- Thomson Reuters I/B/E/S . Q4 non-gaap earnings per share $1.24 . Maintain non-gaap 2017 eps guidance . First Solar Inc sees 2017 shipments of 2.4 gw to 2.6 gw . Sees 2017 net sales $2.8 billion to $2.9 billion . First Solar Inc sees 2017 gaap loss per share $0.80 to $0.05 . First Solar Inc says Q4 was impacted by pre-tax charges of $729 million, primarily related to previously announced restructuring actions .First Solar Inc says cash and marketable securities at end of q4 decreased slightly to $2.0 billion from $2.1 billion in prior quarter.  Full Article

First Solar secures syndicated financing arranged by Mizuho bank
Tuesday, 21 Feb 2017 04:00pm EST 

First Solar Inc : First Solar secures syndicated financing arranged by Mizuho bank for utility-scale solar project in Ishikawa, Japan . First Solar secures syndicated financing arranged by Mizuho bank for utility-scale solar project in Ishikawa, Japan . First Solar Inc - obtained non-recourse project debt financing of approximately 27 billion yen (us$240 million) . Ishikawa Sogo Solar Power Plant is scheduled to commence operation in late 2018 .First Solar Inc says Ishikawa Sogo Solar Power Plant is scheduled to commence operation in late 2018.  Full Article

Zorlu Enerji says Zorlu Holding signs exclusive distribution agreement with First Solar
Monday, 13 Feb 2017 08:52am EST 

Zorlu Enerji : 62 pct owned unit Zorlu Holding signs cooperation agreement with First Solar . The contract is for exclusively distribution of PV modules in 26 countries .As per the agreement Zorlu Holding and its units will be the sole distributors of First Solar modules for 5 years.  Full Article

Franklin Resources reports 6 percent passive stake in First Solar as of Dec 31, 2016
Wednesday, 8 Feb 2017 12:24pm EST 

Franklin Resources Inc :Franklin Resources reports 6 percent passive stake in first Solar Inc as of December 31, 2016 -SEC filing.  Full Article

First solar says entered into a sixth amendment to amended and restated credit agreement dated as of Oct. 15, 2010
Friday, 27 Jan 2017 06:28am EST 

First Solar : On Jan 20, co entered into a sixth amendment to amended and restated credit agreement dated as of October 15, 2010 - sec filing . First Solar- amendment to increase liquidity availability,as defined in amended credit agreement,required to be maintained from $400 million to $800 million .First Solar - amendment removes requirement to maintain a minimum consolidated EBITDA, as defined in amended credit agreement.  Full Article

First Solar says will begin phasing out Series 4 production later this year-conf call
Wednesday, 16 Nov 2016 05:45pm EST 

First Solar Inc : Will begin phasing out Series 4 production later this year . Says one impact of Series 6 pull forward is that 2017 production will be lower than previously communicated . Following presidential election, some uncertainty has arisen around federal programs benefiting renewable energy development in the US such as ITC . Expects to see a shift in profitability as Series 6 comes online in the second half of 2018 . Expects about 2.2 gigawatts of production next year versus over 3 gigawatts this year . First Solar says not assuming any improvement in the market, relating to average selling prices in 2017 Further company coverage: [FSLR.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

First Solar to reduce workforce by about 1,600 associates
Wednesday, 16 Nov 2016 04:51pm EST 

First Solar Inc : To reduce First Solar's workforce by approximately 1,600 associates, or 27% of its approximately 6,000 global total . First Solar-charges related to restructuring will be incurred primarily Q4 with remaining being incurred in 2017 and 2018 . First Solar Inc - First Solar will substantially reduce its workforce at its domestic and international manufacturing facilities .First Solar-of the expected charges, between $70 million and $100 million are expected to result in cash expenditures.  Full Article

More From Around the Web

First Solar wants out of 'yieldco' venture with SunPower

U.S. solar company First Solar Inc on Wednesday said it was looking to sell its stake in a publicly traded company it formed with rival SunPower Corp less than two years ago, at the height of investor euphoria over so-called "yieldcos."