COLEXON Energy selected First Solar’s solar panels for its new installation in Tempe, Arizona. The installation will provide 108 kWp of power to Arizona State University. In a posting on PV-Tech.org, COLEXON’s CEO commented on the project and the company’s partnership with First Solar:
“With this project we gain a foothold in an important market, commented Thorsten Preugschas,” CEO of COLEXON Energy AG. “After our successful market entry in the USA, we are planning further … Read the rest
First Solar just announced that will collaborate with National Bank of Arizona and SolarCity to build a 22 KW commercial solar installation in Phoenix, Arizona. The installation will be the second-largest in Phoenix and the first to use First Solar’s products. The installation will power National Bank of Arizona headquarters, placing 2,960 First Solar advanced thin-film modules on top if the carports that line the bank’s parking lot.
Why did National Bank choose First Solar? … Read the rest
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
Here are some highlights I extracted from First Solar’s conference call transcript provided by Seeking Alpha
Conference call highlights:
* Manufacturing cost declined to .93/watt a reduction from .98 over the year ago quarter
Company roadmap calls for .65/watt by 2012
* 479 MW of new volumes in Q1 (361 MW in Europe)
* More opportunity in Germany coming once the snow melts
* Risk of customer defaults continues which could impact 10 – … Read the rest
First Solar (FSLR) continues to show why it is the best of breed of solar company, posting another quarter of remarkable growth while its competitors whither in tough conditions. The company smashed EPS estimates of $1.53/share as well as the whisper number of $1.70/share with a Q1 EPS of $1.99/share which is a whopping 249% increase over the year ago quarter. Revenues, while less than last quarter, were doubled again over the year ago quarter … Read the rest
First Solar (FSLR) announced late last night that they will supply PV solar modules to Solar Shop Australia for a 1MW rooftop project that will be installed on 6 separate buildings at the Adelaide Showground in South Australia. The project, which is being commissioned by the Royal Agricultural and Horticultural Society of South Australia, will represent the largest PV installation in the country.
“This project marks the beginning of what we expect to be a … Read the rest
Cable TV tycoon Ted Turner believes clean energy offers the biggest opportunity the world has ever seen and compares it to cable TV 40 years ago in that the field is wide open and rife with opportunity. From Bloomberg:
“I’m putting my money where my mouth is and I’ve made a multimillion investment in solar power,” Turner, 70, said in the interview in Washington on April 24. “I’m looking to make an investment in … Read the rest
According to StreetInsider.com Citi is out with a hold on First Solar (FSLR) but is raising the price target from $130 to $150.
Citi believes the solar industry is entering a sustainable period of secular growth with business models in the space “exhibiting positive earnings leverage.”
“Consistent with our investment framework, we believe that solar stocks, in general, should trade at a premium to the broader market given fundamental demand drivers that should fuel earnings … Read the rest
It appears the credit markets are opening up a bit with several financing announcements made recently (although mostly out of China). First Solar (FSLR) and Juwi Holding AG have announced today they have secured financing for a 53MW plant in Germany that began in January and is expected to completed by the end of the year. This project is the ultimate “clean” energy project that not only provides solar energy power, displacing 35K tons of … Read the rest
First Solar (FSLR) has an agreement to expand the existing AC ground mounted solar power plant for Sempra Generation from 10 MW which it built last year to 48MW. FSLR will design, engineer and construct the power plant beginning construction this year and finishing next year, culminating in the largest PV power plant North America. The agreement is conditioned upon Sempra finding customers for the electricity and meeting state and local regulatory approvals.
First … Read the rest