QUOTE AND NEWS
SeekingAlpha  Aug 29  Comment 
By Marshall Hargrave: First Solar (NASDAQ:FSLR) managed to post 2Q earnings that missed expectations by nearly 90%. But given the nature of the solar industry, the market overlooked this. Sales missed consensus by over 30%. The key is that...
Market Intelligence Center  Aug 29  Comment 
MarketIntelligenceCenter.com’s patented algorithms have chosen the Oct. '14 $70.00 call for a couple of hedged-trading ideas on First Solar Inc (FSLR). A traditional covered call on First Solar yields 6.14% (44.83% annualized, for comparison...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- U.S. solar stocks are on a roll. Over the last 52 weeks, shares in First Solar , the largest U.S.-based producer of solar systems, are up 90%. SunEdison , which makes silicon wafers for solar systems, are up 203%....
Benzinga  Aug 26  Comment 
In a note Tuesday morning, Bank of America reaffirmed its Underperform rating on shares of First Solar (NASDAQ: FSLR), although the firm did raise its price target from $50 to $55. Shares of First Solar closed at $71.05, up 30 percent year to...
Benzinga  Aug 18  Comment 
Shares of solar companies are sharply higher Monday, adding on to last week's gains, despite a drop in the price of crude oil. Some of the notable name include: SunPower (NASDAQ: SPWR) up 2.5 percent First Solar (NASDAQ: FSLR) up...
SeekingAlpha  Aug 17  Comment 
By Anup Singh: The solar market is growing at a fast pace, and First Solar (NASDAQ:FSLR) is making the most of it. The stock has gained 24% in 2014, and looks set to scale greater heights, although its recent results showed slow revenue growth and...
SeekingAlpha  Aug 13  Comment 
By John Morgan: Stale dividend returns from utilities, MLPs and overly familiar blue-chip names have been leaving few new places for the income-seeking equity investor to turn. The more frequent debuts of "YieldCos," or yield companies, however,...
TheStreet.com  Aug 12  Comment 
NEW YORK (TheStreet) -- When investing in the solar market the one to beat is solar panel manufacturer First Solar , whose shares, at $67, are up nearly 27% for the year to date. But First Solar is facing increasing competition, starting with...




 
     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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