Needham & Company Downgrades First Solar (FSLR) to Hold

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First Solar, Inc. Announces Full Year 2016 Guidance

December 9, 2015 4:05 PM EST

Net sales of $3.9 to $4.1 billion Earnings per fully diluted share of $4.00 to $4.50 Ending 2016 net cash of $2.0 to $2.3 billion

TEMPE, Ariz.--(BUSINESS WIRE)-- First Solar, Inc. (Nasdaq: FSLR) today announced full year 2016 financial guidance.

Forecasted net sales for 2016 are $3.9 to $4.1 billion, with solar power systems net sales expected to comprise 90% to 95% of the total and third party module sales the remainder. Earnings per share is forecasted to be $4.00 to $4.50 per... More