FSLR Analysts

First Solar's $1/Watt Capex: Half the Industry Average

Andrew,
Your Sharp numbers aren't quite right. The 1GW fab is also an LCD plant at Gen 10. The CapEx for Sharp is more like $1.38 (see article about 160MW facility: 145MW add for $22B Yen.)
In addition, when you look at cost depreciation over 7 years for these systems, the CapEx comes out to around 25%-30% of the cost of sale. So a $1 vs. $1.38 is not too different on a Cost/Watt scale.
The big differentiator is in the conversion efficiency. Sharp's triple junction is comparable to FSLRs CdTe (10% module for Sharp, %10.5 stated for FSLR) so the two are price comparable. Sharp also has the advantage of no Cd and no Te to worry about.
Something to think about - and a bit of perspective before discounting Sharp.