Seeking Alpha

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.
Comments (1)
  • benitus
    , contributor
    Comments (1898) | 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, 12:21 PM Reply Like
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