Showing posts with label FSLR. Show all posts
Showing posts with label FSLR. Show all posts

Monday, July 16, 2012

First Solar (Nasdaq: FSLR) Shares Up with Additional 100MW Installation

First Solar (Nasdaq: FSLR) Shares Up with Additional 100MW InstallationAtlanta, GA 7/16/12 (StreetBeat) – First Solar Inc (Nasdaq: FSLR) announced today its installment of an additional 100 megawatts in less than 12 weeks at an Arizona solar power plant. In April, the plant reached a 100 MW milestone. First Solar declined to answer if the plant will be complete earlier than planned, with a current expected completion in 2014.

The U.S. Department of Energy is supporting the plant with a $967 million loan guarantee, generating investor interest from MidAmerican (the utility affiliate of Berkshire Hathaway) and NRG Energy Inc. These power players each hold stake in this 290-MW Agua Caliente project in Yuma County, Arizona.

First Solar hit a ten-day high of $15.35 earlier in Monday’s session. Currently, shares are trading up 7.76% at $15.27.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Friday, June 22, 2012

First Solar (Nasdaq: FSLR) to Start Module Installation at AV Solar Ranch One

First Solar (Nasdaq: FSLR) to Start Module Installation at AV Solar Ranch OneOrlando, FL 6/22/12 (StreetBeat) -- The Los Angeles County Department of Public Works and First Solar, Inc. (Nasdaq:FSLR) have reached an agreement on the installation of solar modules at the Solar Ranch One photovoltaic (PV) power plant currently under construction in the Antelope Valley.

The agreement enables First Solar to continue construction activities of the 230-megawatt power plant that, when completed in 2013, will generate enough electricity to power 75,000 homes. Installation of the modules had been delayed while First Solar and Public Works worked to achieve agreement related to the module code certifications.

Dennis Hunter, Deputy Director of County Public Works, said the Department was responsible for ensuring that all applicable building codes were met by the project in order to protect the health and safety of county residents.

“We’re pleased to see the project back on track,” Hunter said. “Following our discussions, we are now confident in First Solar’s ability to meet our health and safety requirements.”

Work on the project began in August 2011 and is creating about 400 jobs during construction on the 2100 acre site.

Los Angeles County Supervisor Michael D. Antonovich said the AV Solar Ranch was one of the largest construction projects currently underway in the county and provided significant employment opportunities to the Antelope Valley community.

“I am very pleased my office was able to facilitate resolution that helped towards finally resolving the permit issue involving the safety requirements of the AVSR1 project in the Antelope Valley,” Supervisor Antonovich said. “More importantly, this resolution will help those employees that have been furloughed to return to work as quickly as possible.”

Jim Lamon, First Solar Senior Vice President of Engineering, Procurement and Construction and Operations and Maintenance, said the company greatly appreciates the collaboration and commitment from Public Works and 5th District staff to approve the module installation plan.

“As the first utility-scale solar PV project in Los Angeles County, this was the county’s first opportunity to apply its codes to a facility of this magnitude, which required significant time and effort for everyone involved,” Lamon said. “After a very collaborative process, we are confident we have the county’s support to keep the project moving to completion, and that this process has paved the way for future projects in the region, which has great potential for solar energy production.”

First Solar expects to ramp up staffing for the project over the next several weeks.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module collection and recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visitwww.firstsolar.com.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Wednesday, June 6, 2012

Solar Stocks on the Run: ASTI, FSLR, WEST

Solar Stocks on the Run: ASTI, FSLR, WESTPalm Beach, FL 6/6/12 (StreetBeat) --Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for trading June 6th. Solar stocks are showing gains for the second day as a sector.

Ascent Solar Technologies, Inc. (NasdaqGM :ASTI) is a leader in the sector percentage wise, gaining $ 0.3189 or (54.98%) to trade at $.8989 as of 10:57AM EDT on over 2.2 Million shares.

The Company shares spiked on news today it has launched a charger for the Apple® (AAPL) iPhone® * 4/4S smart phone featuring Ascent’s ultra light CIGS technology. Branded under Ascent’s new EnerPlexTM line of consumer products, the charger incorporates the company’s solar cells into a sleek, protective iPhone 4/4S case, along with a thin battery. The charger adds minimal weight and size to an iPhone smart phone, yet provides significantly improved battery life by harnessing sunlight for electric power.

First Solar, Inc. (NasdaqGS: FSLR) is trading up at $13.49, gaining 0.84 or (6.68%) as of 10:51AM EDT on volume of over 1.4 Millions shares with a morning high of $13.59.

Westinghouse Solar, Inc. (NasdaqCM: WEST) is up 0.03(13.86%) to trade at $0.23 as of 10:32AM EDT on just over 160,000 shares. Yesterday the Company reported with CBD Energy Ltd. (ASX: CBD), a diversified renewable energy company, plans to begin distributing Westinghouse Solar Power Systems in Australia. This follows last week's announcement of the settlement of all disputes between Westinghouse Solar and Zep Solar.

Research more solar stocks on global stock exchanges –and up to 1300 renewable energy stocks at Investorideas.com http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

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Wednesday, March 21, 2012

China Solar Shares Take A Hit As U.S. Imposes Import Tariffs

China Solar Shares Take A Hit As U.S. Imposes Import TariffsTallahassee, FL 3/21/12 (StreetBeat) -- China solar stocks are trading lower after the Commerce Department on Tuesday said it will impose import tariffs on solar panels imported from China. The levies will range from 2.9% to 4.73%.

As the New York Times notes, the impact of tariffs that small on the market “could be limited,” but additional tariffs could be added in May when the Commerce Department will consider whether China is dumping solar panels in the U.S. at prices below cost.

• Yingli Green Energy (NYSE: YGE) is down 42 cents, or 9.8%, to $3.85.
• Trina Solar (NYSE: TSL) is down 59 cents, or 7%, to $7.79.
• Suntech (NYSE: STP) is down 29 cents, or 8.1%, to $3.28.
• Canadian Solar (Nasdaq: CSIQ) is down 22 cents, or 6%, to $3.43.
• JA Solar (Nasdaq: JASO) is down 9 cents, or 4.7%, to $1.81.

Interestingly, the U.S. solar stocks are also trading lower:

• First Solar (Nasdaq: FSLR) is off $1.42, or 5.2%, to $26.04.
• SunPower (Nasdaq: SPWR) is off 37 cents, or 5.1%, to $6.94.

The real issue for solar companies is not dumping by China, but rather collapsing prices and a glut of capacity as all players become more efficient. In the long run, the problems afflicting the solar sector are cross-border. This has turned into a rotten business for everyone concerned – other than energy consumers.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Wednesday, February 29, 2012

LargeCap Stocks to Watch Today

LargeCap Stocks to Watch TodayTomahawk, WI 2/29/2012 (StreetBeat) – First Solar reported fourth-quarter profit and revenue below Wall Street's expectations. It also lowered its revenue and cash flow outlook for fiscal 2012.

For the three months ended Dec. 31, First Solar posted an adjusted profit of $110 million, or $1.26 a share, on net sales of $660 million, down more than 30% on a sequential basis.

Analysts were expecting earnings of $1.53 a share on sales of $779.3 million.

First Solar reduced its fiscal 2012 revenue view to between $3.5 billion and $3.8 billion from a prior projection of $3.7 billion to $4 billion.

Shares were dropping 7.5% to $33.68 in premarket trading on Wednesday.

Staples , the office-products retailer, reported fourth-quarter net income of $283.6 million, or 41 cents a share, on sales of $6.46 billion.

Staples was expected by analysts to earn 41 cents a share in the fourth quarter on revenue of $6.45 billion.

Shares were popping 3% at $16.48.

Costco , the warehouse retailer, earned $394 million, or 90 cents a share, in its fiscal second quarter, up from $348 million, or 79 cents, a year earlier.

Total revenue jumped 10% to $23 billion.

Analysts expected Costco to earn 87 cents a share on revenue of $22.83 billion.
Shares were rising 1.3% to $86.40.

Wells Fargo and Goldman Sachs said they received Wells notices from the Securities and Exchange Commission and could face civil claims tied to sales of mortgage-backed securities.

According to reports, JPMorgan Chase is expected to announce Wednesday that it too received a Wells notice.

The notices generally indicate the SEC plans to bring charges or take other enforcement action against a company.

Shares of Goldman Sachs were sliding 1.2% to $115.70, while JPMorgan shares were up 0.5% to $39.40.

Joy Global , the mining equipment maker, reported first-quarter income from continuing operations of $142 million, or $1.33 a share on net sales of $1.1 billion. Analysts expected earnings of $1.33 a share on sales of $1.16 billion.

Shares were down 0.8% at $91.

Hewlett-Packard plans to lay off 275 employees from its webOS software division, according to reports.

CEO Meg Whitman in December opened up the company's webOS operating system to outside developers.

Shares were flat at $26.19.

DreamWorks Animation reported fourth-quarter net income of $24.3 million, or 29 cents a share, missing the consensus forecast of 32 cents.

Revenue came in at $219 million, beating the $206 million expected by analysts, on average.

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Wednesday, December 14, 2011

First Solar (Nasdaq: FSLR) Off 12%: ‘We’ve Decided To Move To Another Game

First Solar (Nasdaq: FSLR) Off 12%: ‘We’ve Decided To Move To Another GamePalm Beach, FL 12/14/11 (StreetBeat) -- Shares of First Solar (Nasdaq: FSLR) are down $5.42, almost 13%, at $37.15, and were at one point down 20%, after the company this morning cut its revenue outlook for this year, forecast this year’s and next year’s profit way below expectations, announced a restructuring involving layoffs, and said its chief accounting officer will leave the company.

All of that comes as the company tells the Street demand is falling in some large markets for solar energy. Hence, the solar stocks are responding accordingly, with SunPower (Nasdaq: SPWR) down 32 cents, or 5%, a5 $5.99, Yingli Green Energy (NYSE: YGE) down 18 cents, or almost 5%, at $3.70, and Trina Solar (NYSE: TSL) down 40 cents, or 6%, at $6.73. One of the few gainers in the pre-market is ReneSola (NYSE: SOL), up 3 cents, or 2%, at $1.58.

First Solar said it sees sales this year in a range of $2.8 billion to $2.9 billion, down from its prior forecast of $3 billion to $3.3 billion, and below the Street consensus of $3.2 billion. Profit per share is expected $5.75 to $6, below the average $6.88 estimate.

For 2012, the company sees revenue of $3.7 billion to $4 billion, and EPS of $3.75 to $4.25. That is below the consensus $4.1 billion and $7.42 per share.

Chairman and interim CEO Mike Ahearn said that the company was “recalibrating our business to focus on building and serving sustainable markets rather than pursuing subsidized markets,” from which he hoped to derive the majority of the company’s revenue by the end of 2014.

The company plans to lay of 100 people, a little over 1% of its workforce.

During a conference call following the results, Ahearn blamed changes in the industry on the development of “turnkey” silicon photovoltaic manufacturing, which he said had led to “relatively inexperienced and unskilled operators to quickly enter the supply chain and led to an explosion of production capacity in China and elsewhere,” hence creating a “fundamental structural change” in the polysilicon supply for solar panels.

The perversion of supply, and drastically falling prices, said Ahearn, meant that the subsidy program was in declining and would not come back in major solar markets: “the solar industry is structurally imbalanced. Production capacity is uncapped and growing, installation capacity is limited by subsidy levels and declining.”

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Wednesday, August 17, 2011

LargeCap Stocks to Keep an Eye on Today

LargeCap Stocks to Keep an Eye on TodayOxford, MS 8/17/2011 (PennyPayDay) – Target (TGT) shares were rising 5.1% to $51.92 after the discount chain said it earned $1.03 a share during the second quarter, beating estimates for 97 cents. Same-store sales grew 3.9% for the three-month period.

Shares of PC maker Dell (DELL) fell in premarket trading Wednesday after the company reported second-quarter revenue that missed analysts' forecasts and it issued a weak outlook.

Deere (NYSE: DE) reported fiscal third-quarter earnings of $1.69 a share on sales that rose 22% to $8.37 billion. Analysts' estimates had called for a profit of $1.67 a share on revenue of $7.5 billion. The agriculture equipment company also raised its full-year earnings forecast to $2.7 billion from its previous guidance of $2.65 billion.

Shares of Abercrombie & Fitch (ANF) were falling 6.4% even though the teen retailer posted second-quarter earnings that exceeded analysts' forecasts by 6 cents at 35 cents a share.

First Solar (FSLR) shares were down 2.8% at $101.50 after the solar panel maker said Jens Meyerhoff, president of the company's utility systems business group and former chief financial officer, will leave the company next month.

Analog Devices (ADI) said fiscal third-quarter earnings rose 10%, but the results missed expectations, and the chipmaker said fourth-quarter revenue could be reduced as the uncertain global economy makes customers more cautious.

Office products retailer Staples (SPLS) posted adjusted second-quarter earnings of 22 cents a share, topping the estimates of analysts.

Sales rose 5.2% to $5.82 billion.


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