First Solar (FSLR)

First Solar (FSLR)

Postby millionairemind » Thu Oct 30, 2008 9:59 pm

Stock is up 23% today

First Solar, Inc. Announces 2008 Third Quarter Financial Results

Last update: 4:04 p.m. EDT Oct. 29, 2008
TEMPE, Ariz., Oct 29, 2008 (BUSINESS WIRE) -- First Solar, Inc. today announced its financial results for the third quarter ended September 27, 2008. Quarterly revenues were $348.7 million, up from $267.0 million in the second quarter of fiscal 2008 and up from $159.0 million in the third quarter of fiscal 2007.

Net income for the third quarter of fiscal 2008 was $99.3 million or $1.20 per share on a fully diluted basis, compared to net income of $69.7 million or $0.85 per share on a fully diluted basis for the second quarter of fiscal 2008. Net income for the third quarter of fiscal 2007 was $46.0 million or $0.58 per share on a fully diluted basis, which included a one-time income tax benefit of $7.5 million that resulted from the reversal of valuation allowances against previously established German deferred income tax assets.

First Solar will discuss these results and expected results for fiscal 2008 in a conference call scheduled for today at 1:30 p.m. PDT (4:30 p.m. EDT). Investors may access a live audio web cast of this conference call in the Investors section of the company's website at http://www.firstsolar.com. An audio replay of the conference call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until October 31, 2008 at 8:59 p.m. PDT (11:59 p.m. EDT) and can be accessed by dialing 888-266-2081 or 703-925-2533 and entering access ID number 1288925.

About First Solar, Inc.
First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor technology and provides comprehensive photovoltaic (PV) solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation.

First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment.
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Re: First Solar

Postby kennynah » Fri Oct 31, 2008 4:43 am

u know what...solar companies.....it's a long term bet....u think they will become the saviour of the world for providing a long term solution to the depleting sun fission power..... then bet on a couple of these solar players....but if i were u....i wont expect returns in the next 6 months...or perhaps even the next 6 years.... but if u r willing to punt a small amount for that retirement yacht, some 20 years down the road...perhaps...spend $100...and bet for a $10K profit...it may happen...it may not...it;s just a $100....u spend more in a KTV :)
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Re: First Solar (FSLR)

Postby financecaptain » Fri Oct 31, 2008 10:29 am

Solar companies are the future. But in the near term many will fail due to over supply. We are seeing a consolidation pretty soon. So there will be a lot of cheap capacities for the surviving guys to pick up in the next few years. The entire industry is living on government subsidies because the existing technology has not reached a level of cost patrity with current vailable energy source. It has worsened with the oil price reduction. Unless there is a technology breakthrough that can improve the conversion efficiency in leaps and bounds.

Other more potential alternative energy are wind and nuclear.
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Re: First Solar (FSLR)

Postby LenaHuat » Fri Oct 02, 2009 12:04 pm

Fantastic news from Reuters 2day :D :D :-
NEW YORK (Reuters) - Standard & Poor's said on Thursday that First Solar Inc will join its flagship S&P 500 stock index, sending the shares of the solar power company up 5.7 percent in after-hours trading.

First Solar, which is based in Tempe, Arizona, will replace drugmaker Wyeth in the index on a date to be announced. Wyeth is being acquired by rival Pfizer Inc.

The addition of First Solar marks the first pure-play solar company to join the index, said Stuart Bush, managing director at RBC Capital Markets, who rates the company as "sector perform" with a price target of $150 per share.

"It's an important indication that solar has arrived as a mainstream industry in America," Bush said.

Joining the index "could only help the company in serving to broaden its investor base."


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Re: First Solar (FSLR)

Postby winston » Tue Dec 04, 2012 6:14 am

not vested

First Solar, Inc. engages in the design, manufacture, and sale of solar modules using a thin-film semiconductor technology in the United States and internationally.

The company is also involved in the design, construction, and sale of photovoltaic solar power systems. Its solar modules employ a thin layer of semiconductor material to convert sunlight into electricity.

The company's integrated solar power systems activities include project development; engineering, procurement, and construction services; operating and maintenance services; and project finance.

First Solar, Inc. sells its solar modules to solar power system project developers, system integrators, and operators; investor owned utilities; independent power developers and producers, commercial and industrial companies, and other system owners.

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Re: First Solar (FSLR)

Postby winston » Sun Mar 06, 2016 9:37 am

not vested

Is First Solar’s Scorching Run Over? (FSLR)

A downgrade slowed the stock down, but the fundamentals haven’t changed

By Hilary Kramer

Source: Game Changers

http://investorplace.com/2016/03/first- ... tuC0Zx96M8
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Re: First Solar (FSLR)

Postby winston » Tue Sep 13, 2016 7:34 pm


ANOTHER COLLAPSE IN SOLAR STOCKS


Today, a reminder why we repeatedly warn investors to avoid "clean energy" stocks. We're looking at the recent collapse in First Solar (FSLR).

Over the past couple of years, we've shown you why going long solar, wind, and various other companies in this sector continues to be a losing game.

Regular readers know we like to call clean-energy businesses "perfectly hedged"... meaning they can lose money in both good and bad economic times. Their share prices are able to sink in both bull and bear markets.

We typically point to the constantly terrible performance of the big "clean-energy fund" (PBW) to illustrate our point. But today, we look at the market action of First Solar... a stock that was once the poster child of clean energy. It's a stock that Porter Stansberry has long labeled a "disaster in waiting."

As you can see below, First Solar has seen its share price collapse (again) this year, down nearly 50% since March... and just hit its lowest level in more than two years. The message is clear: "Clean energy" is still a risky bet...

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Re: First Solar (FSLR)

Postby winston » Thu Sep 15, 2016 8:32 pm

"Clean energy" stock First Solar plunges more than 50% from its mid-March high.
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