EnerTuition • 123 Comments
EnerTuition • 23 Comments
Mon, Nov. 14, 4:57 PM
- 8point3 Energy Partners (NASDAQ:CAFD) agrees to acquire First Solar's (NASDAQ:FSLR) 34% stake in the 300 MW Stateline solar project in California for $329.5M.
- Stateline, located in San Bernardino, began operations in August and is majority owned by Southern Co. (NYSE:SO); Southern California Edison is purchasing the power generated by the project under a 20-year power purchase agreement.
- CAFD expects the project to generate ~$32M in average annual pre-tax cash distributions and has a 20-year contract life.
Jun. 3, 2014, 12:37 PM
- First Solar (FSLR -1.4%) is buying skyton-energy, a provider of solar plant monitoring/control hardware and software, as well as related operations & maintenance (O&M) services, from Germany's AEG Power. Terms are undisclosed.
- Skytron's systems are currently installed within 600 European solar plants possessing a combined 5GW of capacity - more than 2x First Solar's current portfolio of monitored assets.
- The deal strengthens First Solar's portfolio of solar installation/management offerings as it battles for new solar project contracts, and bolsters its European foothold. The company had a 12.2GW pipeline of potential booking opportunities at the end of Q1.
- Shares are lower, but less so than many solar peers.
Apr. 23, 2013, 2:41 PM
First Solar (FSLR +3.3%) has sold its 139MW Campo Verde solar plant project (located in Imperial County, CA) to a Southern Company (SO +0.1%) subsidiary and Turner Renewable Energy for an undisclosed sum. First Solar will finish building Campo Verde, which is expected to begin commercial operation this fall, and will operate/maintain the plant for 10 years. The news comes 8 months after First Solar announced it would develop the project. (PR)| Apr. 23, 2013, 2:41 PM | 2 Comments
Apr. 10, 2013, 10:13 AM
First Solar (FSLR -4.4%) remains in an acquisitive mood: the company has followed up on yesterday's purchase of TetraSun by acquiring a 60MW California solar project. Construction is expected to begin in 2014, and finish in 2015. Shares are lower as investors take profits and analysts throw cold water in the wake of yesterday's huge rally. Raymond James (Market Perform) argues the cost advantage for First Solar's thin-film modules "appears to be gone for good." It should be noted only one firm - Citi - rated First Solar a buy going into yesterday. (150MW project purchase)| Apr. 10, 2013, 10:13 AM | 2 Comments
Apr. 9, 2013, 3:57 PM
It's a busy (and memorable) day for First Solar (FSLR +46.7%): the company has now announced it's acquiring TetraSun, a startup claiming to have developed high-efficiency (21%+) silicon solar cells that can be produced at a cost similar to regular silicon cells. First Solar, which asserts TetraSun's solutions (focused on residential/commercial solar) complement its thin-film solutions (focused on utility-scale solar), plans to begin mass-producing TetraSun-based modules in 2H14. SunPower (SPWR +17.4%) is a major player in the high-efficiency space. (previous)| Apr. 9, 2013, 3:57 PM | 7 Comments
Jan. 9, 2013, 10:28 AM
First Solar (FSLR +3.3%) has acquired Solar Chile, owner of a 1.5GW portfolio of Northern Chilean solar projects, for an undisclosed sum. The purchase is part of a general effort by the company to grow its dependence on construction projects relative to module sales, where an ugly pricing/supply environment doesn't show any signs of letting up. First Solar says it has a "pipeline of projects under contract to utilities totaling 3 GW, with 2 GW under construction."| Jan. 9, 2013, 10:28 AM
May 9, 2012, 9:41 AM
Westinghouse Solar (WEST +12.5%) and CBD Energy sign a definitive merger agreement - not a big transaction in itself, but 24/7's Jon Ogg thinks it could trigger more solar mergers. He cites FSLR, SPWR, LDK and WFR among companies that ought to consider stock mergers before it's too late.| May 9, 2012, 9:41 AM
Dec. 22, 2011, 9:02 AM
First Solar (FSLR) +2.2% premarket as a Bloomberg story discussing the company's attractive valuation following its recent selloff rekindles takeover chatter. "First Solar is still profitable," a Kaufman analyst explains. "So you are buying the best in the industry at a discount price. Certainly for both GE and Siemens (SI), it would diversify their energy platform."| Dec. 22, 2011, 9:02 AM
Dec. 7, 2011, 4:33 AM
Nov. 15, 2011, 4:03 PMWith First Solar (FSLR) trading near a multi-year low, Maxim Group's Andrew Chew thinks the time may be ripe for GE, which recently announced plans for a thin-film solar plant of its own, to make a bid. Though with bad solar industry news arriving almost every day (I, II, III), perhaps any interested party would be better off biding its time. | Nov. 15, 2011, 4:03 PM | 1 Comment
Apr. 29, 2011, 9:37 AM
Total’s (TOT +0.2%) $1.37B offer for SunPower (SPWRA +36.5%) lifts other solar stocks, responding to the deal’s fat premium and the notion that oil giants may be interested in buying solar companies. FSLR +3.3%, CSIQ +4.5%, LDK +3.8%, JASO +3.9%, TSL +2.9%, ASTI +3.2%, SOLR +2.8%.| Apr. 29, 2011, 9:37 AM | 2 Comments