Lower Your Solar Electricity Costs with First Solar 26 comments
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I like living green just as much as anyone, so we can all work together to save the earth to be livable longer for us and our children children's.
My stock scan this week is a green publicly traded company. This week's scan has come up with an excellent low risk high reward potential, trade setup on a solar energy equipment manufacturer.
Diversified energy investments these days are a must in this current market environment. I see continued good growth intermediate and long term on the alternative energy industry, and this solar energy stock.
Buy Long: First Solar (FSLR)
Buy Entry: 237 to 213.12
Stop-Loss: 8% more or less depending upon on your risk appetite.
Take Profit Areas:
- 272.96 to 290.94
- 361.79 to 408.47
- 458.23 to 517.35
- 585.83 to 661.42
Solar Energy Demand Analysis
Worldwide photovoltaic installations increased by 2,826 mega-watts in 2007, up from 1,744 MW installed during 2006. In 1985, annual solar installation demand was only 21 Megawatts.
Cumulative solar energy production accounts for less than 0.01% of total Global Primary Energy demand.
Solar Energy demand has grown at about 30% per annum over the past 15 years compared to hydrocarbon energy demand that typically grows between 0-2% per annum.
The "Feed-in Law" has led to Germany to become the largest solar energy market in the world currently.
On the supply side, the amount of product manufactured by PV cell manufacturers worldwide reached a consolidated 3,436 megawatts in 2007.
Solar Energy (photovoltaic) prices have declined on average 4% per annum over the past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers.
A residential solar energy system typically costs about $8-10 per Watt. Where government incentive programs exist, together with lower prices secured through volume purchases, installed costs as low as $3-4 watt - or some 10-12 cents per kilowatt hour can be achieved. Without incentive programs, solar energy costs (in an average sunny climate) range between 22 to 40 cents a kWh for very large PV systems.
First Solar Company Profile from their website.
By enabling clean, renewable electricity at lower costs, First Solar is providing a sustainable alternative to conventional energy sources.
This goal has driven First Solar to become one of the fastest growing manufacturers of solar modules in the world. First Solar FS Series 2 PV Modules represent the latest advancements in solar module technology, and are rapidly driving the cost of solar electricity to rates comparable with traditional fossil fuel-based energy sources.
First Solar was formed in 1999 and launched production of commercial products in 2002. It has achieved the lowest manufacturing cost per watt in the industry, $1.14/watt for the first quarter of 2008.
First Solar is the largest manufacturer of thin film solar modules, having expanded manufacturing capacity to an expected 495 MW in 2008; and with additional plants under construction, First Solar will bring total expected capacity to more than 1 GW by the end of 2009.
First Solar has long term module supply contracts in place with leading solar project developers for more than 3.4 gigawatts of PV modules (2008 - 2012).
First Solar developed the first pre-funded module collection and recycling program in the PV industry.
First Solar's IPO took place on November 17, 2006; Common stock is traded on the NASDAQ Stock Market under the symbol FSLR.
Disclosure: Long FSLR.
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This article has 26 comments:
First Solar does not do the residential market at all.
They only do big commercial systems where the relatively high labor cost of setting up the panels etc is allocated over a large number of panels and thus the overall installed system cost for the customer, on a per watt basis, is compellingly low.... sometimes so low that even without any subsidies the installed system may be capable of achieving grid parity.
check out my website.
it is not up to you to decide. Techinicians will determine how often to wash solar modlues as instruments will clearly tell them that the outputs are falling five percent than normal. Pollen , dust, etc can build up a power robbing film on solar modules practically overnight!! Hey i have a feeling that your home needs a good dusting , dont you think? wipe your eyes..
Don't give me a best case scenario without a worst case scenario.
Solar should be the way to go even if it doesn't cover all of your energy needs.
Why should the panels be only on rooftops, why not on window shades? Surely something like Ribbon Tech would allow even the most frugal buyer to install a single panel or two, to reduce energy costs.