Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  First Solar, Inc.    FSLR

FIRST SOLAR, INC.

(FSLR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

First Solar, Inc. : First Solar Begins Construction of Campo Verde Solar Project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/10/2013 | 08:35am EDT

Benefits include 250 construction jobs, $230 million in economic activity

First Solar, Inc. (Nasdaq: FSLR) today announced it has started constructing the 139 megawatt Campo Verde Solar Project, located near El Centro in Imperial County, Calif. The solar power plant is expected to be completed in 2013.

Economic benefits of the project include approximately 250 construction jobs, as well as over $230 million in new economic activity to the Imperial Valley, according to a county study.

The project gained the approval it needed on Dec. 18, 2012, from the Imperial Irrigation District (IID) for easements required to cross IID's Westside Main Canal with the project's transmission line. Earlier approvals included a decision to issue a Right of Way grant from the U.S. Bureau of Land Management (BLM) and a Conditional Use Permit from Imperial County.

"The County of Imperial is very pleased to see the commencement of construction of the Campo Verde Solar Project, which brings numerous benefits to the Valley and our citizens," said Ray Castillo, County Board President. "First Solar's project brings much needed jobs and economic development to the Valley at a time when it is sorely needed. The project also pays added tax revenue, funds for agricultural benefits and community benefits while helping the County diversify its economy. We've been working to attract projects like this for the past five or six years and are glad to see it's finally happening. These projects are really our legacy for the Imperial Valley."

"First Solar is grateful to the IID, Imperial County, and the BLM for their support of this project," said James F. Cook, First Solar Project Development Director. "Campo Verde is creating badly needed jobs and will help the county and state reach their renewable energy goals."

First Solar will construct the project using its advanced thin film PV modules that generate clean, renewable energy with no emissions, waste or water consumption during operation. The project will generate enough electricity to power approximately 50,000 average California homes, displacing 80,000 metric tons of CO2 per year, the equivalent of taking 15,000 cars off the road.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module collection and recycling, First Solar's renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

First Solar media
Ted Meyer
+1 (602) 427-3318
ted.meyer@firstsolar.com
or
Alan Bernheimer
+1 415 935-2499
media@firstsolar.com
or
First Solar Investors
David Brady
+1 602 414-9315
dbrady@firstsolar.com
or
Ryan Ferguson
+1 602 414-9315
rferguson@firstsolar.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIRST SOLAR, INC.
06/12NEW ENERGY SOLAR : Beryl Solar Farm switches on to power Sydney Metro
AQ
05/31FIRST SOLAR : Capital Dynamics and First Solar open California Flats solar proje..
AQ
05/31FIRST SOLAR : California Flats Solar Project Completed On Hearst Cattle Ranch
AQ
05/30First Solar, Rocky Mountain Power to Deliver Clean Energy for Facebook Data C..
DJ
05/30First Solar, Rocky Mountain Power to Deliver Clean Energy for Facebook Data C..
GL
05/30FIRST SOLAR : Capital Dynamics, First Solar commission 280MW solar farm in Calif..
AQ
05/30FIRST SOLAR : Solars Series 6 modules go live at 280MW California Flats project
AQ
05/29FIRST SOLAR : Capital Dynamics & First Solar Commission 280 MW Californian Flats..
AQ
05/28CAPITAL DYNAMICS : First Solar Celebrate Commissioning of the 280MWac California..
PR
05/27FIRST SOLAR : COO Philip Dejong Sells 25,365 Shares
AQ
More news
Financials ($)
Sales 2019 3 546 M
EBIT 2019 285 M
Net income 2019 255 M
Finance 2019 1 277 M
Yield 2019 -
P/E ratio 2019 25,80
P/E ratio 2020 17,11
EV / Sales 2019 1,50x
EV / Sales 2020 1,54x
Capitalization 6 588 M
Chart FIRST SOLAR, INC.
Duration : Period :
First Solar, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FIRST SOLAR, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 70,3 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Mark R. Widmar Chief Executive Officer & Director
Michael J. Ahearn Non-Executive Chairman
Philip Tymen de Jong Chief Operating Officer
Alexander R. Bradley Chief Financial Officer
Raffi Garabedian Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
FIRST SOLAR, INC.44.25%6 189
FLAT GLASS GROUP CO LTD94.71%2 630
SOLAREDGE TECHNOLOGIES INC60.94%2 532
SUNRUN INC51.15%1 829
ENPHASE ENERGY INC266.38%1 732
CANADIAN SOLAR INC.50.70%1 177