Trade Resources Industry Views First Solar Has Announced Financial Guidance with Net Sales Forecast at US$3.8-4.0 Billion

First Solar Has Announced Financial Guidance with Net Sales Forecast at US$3.8-4.0 Billion

US-based thin-film solar firm, First Solar, has announced full-year 2013 financial guidance with net sales forecast at US$3.8-4.0 billion. The firm expects total module shipments in 2013 to reach 1.6-1.8GW. First Solar also stated that consolidated gross margin in 2013 is expected to be 20-22% and capex to be US$350-400 million.

First Solar also disclosed 2014 and 2015 shipments and net sales targets. For 2014, the firm hopes to achieve 1.8-2.2GW of module shipments and US$3.5-4.0 billion of net sales. For 2015, the firm sets the module shipment target at 2.3-2.7GW and net sales at US$4.2-4.8 billion, showing optimism towards the future of the solar market

The firm's 2012 net sales were US$3.4 billion, up 22% from 2011.

Source: http://www.digitimes.com/news/a20130410VL201.html
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First Solar Provides Optimistic 2013 Financial Guidance
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