How Will First Solar’s Bookings Trend In Q4?

by Trefis Team
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First Solar (NASDAQ:FSLR) will be publishing its Q4 2017 results on February 22, reporting on another quarter that saw continued strong demand from solar products. The global solar market is projected to touch 100 GW in 2017, driven by demand from China as well as many other developed and emerging markets. During the third quarter, the company posted record quarterly net bookings of 4.5 GW, with year-to-date bookings standing at 6.7 GW and total expected module shipments standing at approximately 7.4 GW. It’s possible that the company notched more orders in Q4, as developers procure modules from First Solar, which will not subject to the tariffs that will be levied on silicon-based panels. (related: How U.S. Solar Tariffs Could Impact SunPower) Although the benefits are unlikely to last for long, given that the company’s competitors are building manufacturing capacity in the U.S., and also because tariffs are set to progressively reduce and eventually expire in 2022, the company could nevertheless benefit from stronger booking activity.

We have created an interactive dashboard analysis which outlines our expectations from First Solar’s 2017 results. You can modify the charts with blue dots to arrive at your own price estimate.

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