app dload First Solar 2010 Results and 2011 Guidance by the Numbers $FSLR

First Solar 2010 Results and 2011 Guidance by the Numbers $FSLR

first solar pv panel First Solar 2010 Results and 2011 Guidance by the Numbers $FSLR

Rob Gillette, the CEO of First Solar, just announced the following in their Q4 earnings call.

  • Q4 net sales of $610M
  • 2010 net sales $2.564 billion, up 24 percent year-on-year
  • Net income of $664 million for 2010
  • Q4 production was 395 megawatts and 1.4 gigawatts in 2010
  • Module manufacturing cost of $0.75 per watt in Q4
  • Fourth quarter gross margin was 48.7 percent
  • 11.6 percent conversion efficiency, up half a percentage point versus a year ago
  • "2010 was a good year."

Q4 Performance Summary — completed 138 megawatts AC of projects

  • 80-megawatt Sarnia
  • 48-megawatt Copper Mountain
  • 30-megawatt Cimarron

2011 Guidance

  • Net sales: $3.7 billion to $3.9 billion
  • 2.0 gigawatts of module production
  • Consensus analyst market forecast of 17.6 gigawatts in 2011 with 2.4 gigawatts in North America
  • 2.9 gigawatts of capacity by end of 2012
  • Expects to grow efficiency 0.5 percent per year

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