First Solar Beats Expectations on Revenue, Raises Guidance and Braces for New Module Transition

By [email protected] First Solar, the leader in thin-film solar, logged a strong Q1, well ahead of expectations on revenue while modestly raising guidance for 2017.

Gross margin was below some analyst expectations, though. Credit Suisse wrote in a note: “Pricing still stinks, assets still great.” The company has a strong cash position.

The vertically integrated solar manufacturer has been going through a restructuring effort in order to cope with the industry’s weird year of transition. Last year, First Solar laid off staff, optimized manufacturing and rejiggered its product mix.

First Solar is betting its recovery on the success of its new, larger-size Series 6 solar

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