Some good news insolartoday.
First Solar (Nasdaq: FSLR) just announced full-year 2013 guidance on its 2013 analyst day in New York and came in far above consensus with a revenue guidance of $3.8 billion to $4.0 billion on shipments between 1.6 gigawatts and 1.8 gigawatts. An estimated $3.6 billion in the firm's sales will come from sales of systems. First Solar expects gross margin to be between 20 percent and 22 percent. According to a memo from its analyst day, First Solar looks to generate $0.8 billion to $1.0 billion of operating cash flow in 2013.
The company also announced that its manufacturing cost will be $0.63 to $0.66 per watt in 2013 and will plunge to $0.40 per watt by 2017.
First Solar furnished its outlook for 2014 and 2015:
First Solar announced these milestones in its recent earnings call:
- Acquired Solar Chile and established subsidiaries in India, the Middle East, South Africa and Thailand;
- Achieved a world-record 18.7 percent CdTe cell efficiency;
- Improved its average module efficiency to 12.9 percent in Q4 2012 from 12.2 percent in Q4 2011;
- Cut its best average module manufacturing line cost to $0.64 per watt (excluding underutilization) from $0.69 in Q4 2011;
- Put over 250 megawatts (AC) on the grid at Agua Caliente, making it the world's largest operational solar power plant; and
- Reached over 7 gigawatts (DC) cumulative production.