According to Barron’s, First Solar’s (FSLR) largest customer Phoenix Solar (according to Hapoalim Securities analyst Gordon Johnson), has issued a warning, saying not to rely on previous earnings estimates due to a continued decline in pricing for solar modules, customer buying resistance and increased devaluation requirement for current inventories. The company will only issue guidance once prices have stabilized but they do expect positive EBIT for the year.
Based on this, Gordon Johnson issued a … Read the rest
First Solar (FSLR) is surging after hours following its earnings report and news of new supply deals totaling 525 MW with Sorgenia Solar, a developer of large scale solar power plants in Italy as well as a few of First Solar’s existing customers including EDF Energies Nouvelles, Ecostream, Juwi and Phoenix Solar. The deals allow for new sales revenue of approximately 800 million from 2009 – 2013
“With strong market growth in Italy we are … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal