First Solar announces CA plant deal ahead of earnings

First Solar (FSLR +0.8%) will act as the engineering, procurement, and construction (EPC) contractor for a 19.76MW solar project in Kings County, CA, and a 23MW project in Kings and neighboring Kern County. The former project is expected to be finished in October, and the latter in Q1 2015.

Shares are up slightly ahead of this afternoon's Q1 report. The company had 2.7GW of expected future module shipments at the end of Q4, and $7.5B worth of expected future module/systems revenue.

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Comments (1)
  • benitus
    , contributor
    Comments (3473) | Send Message
    One wonders why the management is choosing to make this announcement at this time? Is it because their results are not going to beat or what? I expect it to be a beat but it would still fail to meet the heightened expectations from that unsolicited guidance a few weeks ago. I hope it would at least touch $70 post-results but I don't think it will fall below $65 if that does happen.
    6 May 2014, 12:21 PM Reply Like
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