Susquehanna Expects First Solar (FSLR) to Report Inline CY11 Guidance
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Price: $44.54 -3.09%
Rating Summary:
5 Buy, 22 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
5 Buy, 22 Hold, 11 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade FSLR Now!
Susquehanna remains to feel Positive about First Solar (NASDAQ: FSLR), as they believe it is the best positioned solar stock to ride out the challenging market environment in 1H11. The firm is keeping their CY11 revenue/EPS estimates at $3.56B/$8.47. The firm does see some concerns after their Taiwan/China meetings last week stating that it suggests a "si-based module ASPs quoted for
1H11 delivery are already tracking close to $1.50/w. With minimum difference of $0.20/w required b/w FSLR and si-based module ASPs, there could be some downside risk to our conservative (FSLR) module ASPs."
On the upside the firm reports that China could actually accelerate the approval for the rest of FSLR's projects along with 30MW (AC) project, which "recently
received all regulatory approvals, with the local grid company planning to purchase the project upon the completion. What is note worthy is that FSLR's project received a FIT of RMB 1.09/kwhr vs. other projects that were given less than RMB 0.90/kwhr of FIT."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $136.80 yesterday, with a 52 week range of $98.71-$153.30.
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1H11 delivery are already tracking close to $1.50/w. With minimum difference of $0.20/w required b/w FSLR and si-based module ASPs, there could be some downside risk to our conservative (FSLR) module ASPs."
On the upside the firm reports that China could actually accelerate the approval for the rest of FSLR's projects along with 30MW (AC) project, which "recently
received all regulatory approvals, with the local grid company planning to purchase the project upon the completion. What is note worthy is that FSLR's project received a FIT of RMB 1.09/kwhr vs. other projects that were given less than RMB 0.90/kwhr of FIT."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $136.80 yesterday, with a 52 week range of $98.71-$153.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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What challenging 1Q11???
Honest on Dec 14, 2010 03:22 PMMark as Spam | Reply to this comment
All of the large solar companies have said they are sold out for Q1 and that ASPs are firm.
What are you talking about?