First Solar (FSLR) posted strong 3rd quarter results after the bell today beating analyst estimates as well as the whisper number of $2.10. The expectations are always high for FSLR and the company delivered, but apparently it’s still not enough because the stock is down 5% in after hours trading. This is likely just a sell the news scenario after a healthy run in the past few months.
Tag Archives: fslr
Auriga Maintains Buy On First Solar (FSLR), Sees Upside To Estimates
Auriga is out with a research note this morning on First Solar (FSLR) calling the company an investment not a trading stock, as the timing of its project business becomes more difficult to read but brings stability to the business model.
They see upside to 2010 EPS estimates guidance up to $7.85/share. Their model assumes revenue/watt of $1.58/share for module sales and assume that 50% of EPS revenue will occur in Q3.
They believe the … Read the rest
Most Important Alternative Energy Companies (FSLR, SMLNF, GE, ABB, SQM, CZZ, GPRE, ABAT, ITRI, CREE, ORA, OPTT)
24/7 Wall St published their list of the 25 most important alternative energy companies a few days ago and broke it down by category. I thought I’d highlight the companies they consider to be the most important in each category (which I agree with) and add in some of my own thoughts. There is one glaring omission in 24/7 Wall St’s report and that is geothermal. Geothermal remains the red headed step child of the … Read the rest
Solar Stocks Ratings Rundown (STP, ENER, FSLR, SPWRA)
According to Barron’s, there are a few analyst calls in the solar space this morning and it’s a bit mixed, but leaning towards the bullish side.
Raymond James
Energy Conversion Devices (ENER) gets a downgrade from Market Perform to Underperform. The firm sees the market for amorphous silicon as bleak and not a viable technology in the long run. Shares are down 6% today but hanging in there above support of the 50 day moving … Read the rest
First Solar (FSLR) To Ramp Capacity Another 500MW With Two New Plants
First Solar (FSLR) is ramping capacity 500MW by building two new four line thin film solar manufacturing plants it was announced this morning. The company plans to build a plant in Vietnam and the US, both of which are expected to be completed by 2012 and create a total of 600 green jobs here in the US. The sites for the plants are still in negotiations and will be announced soon. The latest expansion plan … Read the rest
Feds Approve 1st Solar Project On Public Land – First Solar’s (FSLR) Silver State
US Secretary of the Interior Ken Salazar signed off on the first solar farm on public land today, giving the green light to First Solar’s (FSLR) Silver State project. The 50MW solar farm spread over 618 acres will now go through all the red tape, but considering the Feds are behind the project, it shouldn’t take long to get all the paperwork in place. The company expects the solar plant to go live sometime next … Read the rest
General Electric (GE) Announces Availability Of Solar Products
General Electric (GE) is providing an update on its push into the solar market this morning. I first posted back in March that GE was making a direct run at First Solar (FSLR) with its partnership with PrimeStar to develop cadmium telluride thin solar panels. Today they have announced that the the thin film solar panels will be commercially available next year from PrimeStar’s 30MW facility and the companies have plans to increase capacity … Read the rest
FSLR Raises Shipments Guidance For 2011, But Analysts See Potential Delays For Solar Ranch Due To Northrup Grumman Appeal
Yesterday First Solar (FSLR) raised its shipment guidance for 2011 and now sees shipments increasing 380MW over previous estimates due to signed agreements with seven key customers that will primarily serve European markets.
"Our customers continue to expect robust growth in the market for solar electricity in Europe next year," said Stephan Hansen, managing director of First Solar’s European sales and customer service organization. "The additional volumes will allow First Solar to continue to scale … Read the rest
First Solar (FSLR), Enbridge (ENB) Achieve Commercial Operation Of World’s Largest Operating Solar Plant (Sarnia)
Yesterday, First Solar (FSLR) and Enbridge (ENR) announced they have achieved commercial operation of the Sarnia Solar Project in Ontario, making it the largest operating solar facility in the world. FSLR will operate and maintain the project for Enbridge which is expected to power nearly 13,000 homes.
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"Completing the world’s largest PV power … Read the rest
Analysts Bullish On Several Green Stocks (AMSC, SRCL, WFR, SOLF, STP, FSLR, TSL)
Wunderlich Securities rates American Superconductor (AMSC) a Buy and has a $50 price target which would represent a nearly 70% move up from current levels. The firm notes that the company has significant cash reserves and no debt. Shares of AMSC continue to remain in basing pattern and are now testing resistance of the 200 day moving average.
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Wunderlich is also bullish on shares … Read the rest