milind P.

Expect Continued Drops in Solar

Most solar firms have slashed their guidance, but FSLR raised their guidance for FY08 by 2% from their previous guidance. FSLR has also announced to add a fourth production line to their Ohio facility, which will increase their overall nameplate capacity to 1.183 GW based on Q3 run rates. FSLR also extended long-term contracts worth approx. 500 MW with key customers taking their backlog to more than 3 GW as on Q3-2008. Key customers of FSLR accounted for approx. 90% of net sales in FY07