QUOTE AND NEWS
Forbes  Jun 3  Comment 
The stock trades at its book value and is priced at about 16x FY2016 consensus estimates, which is relatively low for a firm in a high-growth industry. Although First Solar faces some challenges in sustaining its margins as it winds down lucrative...
Benzinga  May 27  Comment 
Mahesh Sanganeria of RBC Capital downgraded First Solar, Inc. (NASDAQ: FSLR) to Underperform from Sector Perform, following which shares of the company nosedived. Sanganeria was on CNBC recently to explain why he downgraded the stock. 2016...
Forbes  May 26  Comment 
In early trading on Tuesday, shares of Time Warner Cable (TWC) topped the list of the day's best performing components of the S&P 500 index, trading up 4.0%. Year to date, Time Warner Cable registers a 17.0% gain.
Benzinga  May 26  Comment 
Cyren Ltd (NASDAQ: CYRN) shares slipped 14.60 percent to $2.69. Cyren posted a Q1 non-GAAP loss of $0.03 per share on non-GAAP revenue of $7.0 million. Ehi Car Services Ltd (ADR) (NYSE: EHIC) shares dropped 6.57 percent to $14.94 after the...
Benzinga  May 26  Comment 
Analysts at RBC Capital downgraded First Solar, Inc. (NASDAQ: FSLR) from Sector Perform to Underperform. The price target for First Solar has been lowered from $54.00 to $34.00. First Solar shares have dropped 10.10 percent over the past 52...
Benzinga  May 26  Comment 
TheStreet.com  May 26  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES Deere was downgraded at Robert Baird to neutral from outperform. Twelve-month price target is $98. Company lacks near-term catalysts, Baird said. East West Bancorp was downgraded at BMO Capital to...
SeekingAlpha  May 19  Comment 
Motley Fool  May 17  Comment 
Christy Walton clocks in as the planet's wealthiest woman, with a net worth of more than $40 billion.
SeekingAlpha  May 14  Comment 
Benzinga  May 13  Comment 
Again between the April 15 and April 30 settlement dates, short interest in the leading U.S. solar-related stocks continued to shrink. The retreat by short sellers was especially notable in First Solar, Inc. (NASDAQ: FSLR), Solaredge...




 
     Table of Contents      
Intro and Overview
     Introduction
     Company Overview
Trends and Forces
      Key Trends and Forces
Competition

First Solar is the world’s largest manufacturer of thin-film solar power modules. The company makes cadmium telluride (CdTe) glass substrate based thin film photovoltaic (PV) panels, which are used to convert sunlight into electricity. Although this new technology converts sunlight to electricity less efficiently than traditional silicon PV modules, thin film PV cells have an advantage in producing electricity under lower light conditions. The ability to produce electricity under a wider range of light conditions makes these cells attractive to utility companies who require stable large-scale, utility-sized renewable energy production. The company had revenues of $2,564 million in 2010.[1]

The company's modules have cost advantages over silicon PV cells, however production is heavily dependent on tellurium (Te) supply. It is the major component in First Solar's panels (which are made of Cadmium Telluride), and is one of the nine rarest elements on Earth. Statistically it has been reported that 160 to 215 metric tons of Te are mined each year, which means that First Solar requires 51% to 81% of the world supply of Te. If something happens to this supply or First Solar expands too quickly, there is no guarantee that global supply will hold up.[2]

In response to growing concerns over Global Climate Change, governments (State and Federal) in the United States and Europe have passed legislation to encourage the use of solar power, often through tax subsidies, while discouraging the use of dirtier forms of power. However, these incentives are by no means guaranteed and in some cases are designed to phase out as countries approach certain levels of solar usage.

Company Overview

First Solar's Financials

First Solar has demonstrated strong revenue growth over the past three years. Since 2004, it has more than doubled its revenue each successive year while turning a profit in 2008.

First Solar has continued to work on lowering the cost to manufacture solar modules. In 2008 costs were below $1 per watt and costs dropped to 75 cents per watt at the end of 2010.[1][3]

I somewhat doubt the data was taken home, at least intentionaly. In many IT shops today, desktop computers are being replaced by laptops, even for empoyees who don't travel a lot. One of the reasons for this is to facilitate telecommuting. So think of it in terms of, he downloaded the data to his desktop, and it got stolen. I don't know that this is the case, but it's a distinct possibility.You're never going to keep all the data locked up on servers. It's not practical. In my opinion the only real solution for this is for organizations to employ encryption of their hard drives as a standard.

I don't know about companies in India, but what you might do is look aronud for someone who has a system, then ask where they got it. If you have trouble finding anyone with a system, maybe it's not a very good deal.If the home is in a less-developed area, and all you would be powering is a light, and a radio or TV at night, then you might get by with the kind of system they use in some parts of Africa. It has a 40 or 80-watt panel, and basically a car battery. The appliances run right off the battery, and no charger or other devices are used. This sort of system costs $200-300 when implemented by a nonprofit organization I don't know what the cost if you were to try to set it up, yourself.On the other hand, it sounds like you're already connected to a power grid, and maybe already have a heavy appetite for energy in your house. A solar system with batteries tends to cost about $15 a watt in the USA, when hundreds or thousands of watts are involved. A system for a modest off-grid cabin will cost anywhere from $5000 to $30000, depending on the size.

References

  1. 1.0 1.1 "First Solar, Inc. Announces Fourth Quarter and Year-end 2010 Financial Results," February 24, 2011
  2. [strategic inventory Global Technology Conference
  3. Seeking Alpha - First Solar, Inc. F4Q08 (Qtr End 12/27/2008) Earnings Call Transcript
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