What’s The Outlook Like For First Solar Over 2018?

by Trefis Team
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First Solar (NASDAQ:FSLR) published its Q4 and full year 2017 results on Thursday, February 22. Although the company posted weaker-than-expected revenues on account of a delay in certain project sales, its earnings beat market expectations. First Solar says that it continues to make strong progress with its bookings, adding about 1.3 GW to its backlog year-to-date 2018. The company’s total bookings over 2017 stood at 7.7 gigawatts, driven partly by the imposition of import duties on silicon-based panels and cells, to which First Solar’s Cd-Te products are not subject. The company also indicated that its planned transition towards the next-generation Series 6 modules was going as planned, with its facilities in Ohio expected to begin high volume production from Q2. The company also upped its guidance for 2018, on account of the shift of project sales in India from 2017 to 2018.

We have created an interactive dashboard analysis outlining First Solar’s performance over 2017 and its expected performance over 2018, based on its guidance figures.

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