Tag Archives: fslr
Warren Buffet Enters the Solar Industry
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California. Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition – the 550 megawatt (MW) project is being developed by First Solar using its thin-film solar panels. First [...]
The Future of First Solar’s Antelope Valley Project $FSLR
On California Governor Brown’s marching orders, First Solar is pushing ahead on one of the world’s biggest solar photovoltaic (PV) projects. “Some kinds of opposition you have to crush,” the Governor recently told a conference of renewables developers, adding, “You have to push [... or] we’re not going to get to the goal” of providing [...]
3 Solar Stocks Ready to Launch $LDK $FSLR $TSL
( click to enlarge ) Trina Solar Limited (ADR) (NYSE:TSL) – I like that the stock finished strong on Monday and I expect to see a continuation move tomorrow. Resistance is $7.26, which reflects its 50-day MA. Once the stock breaks resistance, I expect to see the buyer push the stock higher. The technical [...]
Will GE Gobble Up First Solar? $GE $FSLR
Much like the notion of albino alligators living in the New York City sewers, the urban legend of General Electric (or some other large conglomerate) acquiring First Solar (Nasdaq: FSLR) is a recurring meme. The idea bordered on outlandish when the company’s stock was trading at a 52-week high of $175.45 with a market cap [...]
First Solar to Focus on Efficiency $FSLR
After lowering guidance for the year and letting it’s CEO go because of industry pricing pressure, First Solar (Nasdaq:FSLR) announced it would accelerate efforts to raise module and manufacturing efficiency, rather than continue to add new manufacturing plants. FSLR says it is postponing the planned Vietnam factory until global supply and demand dynamics support additional capacity. Instead, it will expand its factory in Mesa, Arizona to supply its 2.7 [...]
First Solar and SunPower Release Disappointing Earnings $SPWRA $FSLR
Both First Solar and SunPower’s third quarter earnings call took place today at the close of the market. First Solar had pre-announced their results last week and both firms had cut their 2011 revenue guidance prior to today’s calls. First Solar First Solar (Nasdaq: FSLR) recently saw the sudden announcement of CEO Rob Gillette leaving [...]
First Solar Better Keep Antelope Valley Residents Happy $FSLR
A renewable energy boom in California’s Antelope Valley has developers scrambling to build utility-scale solar and wind projects and hotly pursuing power purchase agreements (PPAs), with utilities seeking to meet Governor Jerry Brown’s goal of getting a third of the state’s power from renewables by 2020. Promising support from his office, the governor recently told [...]
First Solar is Having a Bad Week $FSLR
After years of beating analyst estimates, US thin-film solar leader First Solar (Nasdaq: FSLR) succumbed to the multiple pressures impacting the industry as a whole. Although revenues are in line with estimates for the third quarter at $1 billion, profits are down and the company lowered guidance for the rest of the year. Revenues grew appreciably, from $798 million for Q3 [...]
First Solar CEO Bails, Stock Craters $FSLR
Just last week I watched a confident Robert Gillette speak at Solar Power International in Dallas about First Solar’s successes and job creation. Today he announced that he is no longer serving as CEO of the solar industry’s largest PV module company by market share, First Solar (NASDAQ: FSLR). Largest by market cap for the [...]