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Non-Tech : Alternative energy

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To: Jacob Snyder who wrote (12362)	12/12/2011 8:34:35 AM
From: Dennis Roth	2 Recommendations Read Replies (1) of 16955

First Solar, Inc. (FSLR) 2012 Guidance Call Preview; Big Projects Drive Big Range 11 December 2011 ¦ 11 pages ir.citi.com Guidance call; big range, but likely conservative — FSLR provides 2012 guidance pre-open Wednesday 12/14. This is the 5th year providing full-year revs guide and 3rd year providing EPS. While it has typically tended to “thread the needle” (see table), we see risk slightly more skewed to the downside this time given the myriad of model variables, the desire to avoid a repeat of 2011 (the first year it missed), some challenges in the EPC biz, and a likely desire to maintain low bar for an incoming CEO.

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