The transition to Series 6 modules is a critical test of First Solar's staying power.
We are reaffirming our $40 fair value estimate and no-moat and negative moat trend ratings for First Solar after the company reported $1.1 billion of sales and $1.95 in earnings per share in the third quarter. These numbers incorporate a substantial boost from the sale of two projects during the quarter, as we expected. Ongoing sales and earnings remain in line with or ahead of our expectations.The key positive was First Solar's record quarterly net bookings of 4.5 gigawatts. That brings year-t...
First Solar is a provider of photovoltaic (PV) solar energy solutions. The company designs, manufactures and sells PV solar modules with a thin film semiconductor technology, and also develops and sells PV solar power systems that mainly use the modules it manufactures. The company also provides operations and maintenance (O&M) services to system owners. The company's modules segment involves the design, manufacture and sale of cadmium telluride solar modules, which convert sunlight into electricity. The company's second segment is its systems segment, through which it provides power plant solutions, which include project development, engineering, procurement, and construction services and O&M services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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