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Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?


To: Doren who wrote (7780)4/7/2010 2:38:34 PM
From: Eric  Read Replies (1) | Respond to of 16955
 
Doren,

Roughly 85% of their panels are made in Malaysia.

From their 2008 Annual report:

"In April 2008, we started initial production at plant one of our manufacturing center in Kulim, Malaysia which has received an ISO 9001:2000 quality system certification and we anticipate the Malaysian manufacturing center will obtain an ISO 14001:2004 environmental system certification in the second quarter of 2009."

2008 Annual Report:

phx.corporate-ir.net



To: Doren who wrote (7780)4/7/2010 4:17:04 PM
From: Jacob Snyder  Respond to of 16955
 
FSLR will have 2010 revenues of about 2.8B$. Assuming a gross margin of 38%, that means 1.06B$ of gross profit. Capex for 2010 is 525M$ (building now in Malaysia, planning for a French location).

Given their cash flow and profitability, and the low debt (so not much interest charges), 2010 capex won't eat into FSLR's cash position much, unless the industry gets into an ugly price war, and module prices fall to near production costs.