Market Chatter: First Solar Shares Rally 7.5% on Analyst Day Comments; Financial Guidance Pending

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First Solar ( FSLR ) shares have jumped 7.5% on targets given by the company on analyst day. According to a Dow Jones report, the company has targeted module production costs of 47 to 50 cents per watt in 2015 - en route to 38 to 41 cents in 2017. This compares to 68 cents in 4Q12 and 2013 guidance of 63 to 66 cents.

Cited in the Dow Jones report, Raymond James analyst Pavel Molchanov called the targets "rather aggressive" while Stifel's Jeff Osborne added: "They increased their conversion efficiency of the modules, which lowers their cost profile going forward."

FSLR added that it set a new world record for cadmium-telluride photovoltaic module conversion efficiency, achieving a record 16.1% total area module efficiency in tests that were confirmed by the U.S. Department of Energy's National Renewable Energy Laboratory. FSLR is reportedly expected to release financial guidance later this afternoon.



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This article appears in: Investing , Commodities

Referenced Stocks: FSLR

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