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First Solar, Inc. Message Board

  • whattime0000 whattime0000 Nov 6, 2012 8:37 AM Flag

    Report on Sales - Information just points way upword - longs read it -

    Sales - YTD sales now sit at $2.29B versus $2.10B last year, representing a 9.05% increase year over year. More importantly, updated guidance from its Q3 report is to achieve $3.5B to $3.8B for the full year, which, compared to last year's $2.77B, would represent between a 26.35% to 37.18% increase in sales year over year. To put this growth in perspective, 2011 growth year over year was only 7.92% while 2010 year over year growth was 24.06%. Of note, the updated guidance would suggest Q4 sales to be between $1.21B and $1.51B, representing a huge increase from Q4 last year of $660M. Is this sales level sustainable? Well, according to the financial presentation and conference call for Q3, there is $8.9B in current projects in its pipeline, a large portion of which relates to projects with scheduled completions before the end of 2014. As such, it would appear these sales levels will continue to grow for least the next several years.

    Sentiment: Strong Buy

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