SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Alternative energy
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacob Snyder who wrote (7977)4/28/2010 6:07:12 PM
From: Jacob Snyder   of 16955
 
FSLR 1Q10:

sales $568.0 million; 539M expected
EPS $2.00; $1.65 expected
production cost/watt $0.81, down from $0.84 4Q09, and $0.93 1Q09
11.1% conversion efficiency, up from 10.9% 1Q09
gross margin: 50% (much higher than expected)

Guidance:
2010 EPS $6.80-7.30; $6.13 expected
2010 sales $2.6-2.7B; $2.8B previous guidance
2010 capex $625 to $650 million; 525M previos guidance
2010 gross margin 41-43%; previous was 38%; this is consolidated, not just modules
Will buy Nextlight (project/systems developer) for 285M$ cash.

...additional four line manufacturing plant with an annual capacity of over 220 MW at the first quarter 2010 line run-rate. The plant is expected to begin production in the fourth quarter of 2011...
manufacturing capacity estimates:
end-2010 1337MW (previous 1282MW)
end-2011 2005MW (previous 1700MW)
end-2012 2117MW

global solar demand:
2009 7GW actual
2010 9.9GW (previous consensus about 9.0GW)
2011 12.1GW
2012 15.3GW

my comment: Exceeded expectations, raised guidance on all parameters. Particularly impressive was the increased EPS and gross margin guidance for 2010. Clearly, a mistake to short FSLR through this earnings report.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News