First solar, Inc. announce 2011 financial guidance

TEMPE, Ariz.–(BUSINESS Wire)–First Solar Inc. (Nasdaq: FSLR) today announced the financial guidance for 2011.
In 2011, First Solar forecasts of net sales in the region, $ 3.7.3.9 billion dollars, approximately 46% year-on-year for the year 2010, instructions on day 28. compared to the middle of October 2010. Net sales forecast consists of, $ 2.8 $ 2.9 billion in the module sales and $ 0.9 $ 1.0 billion in the development of EPC/projects sales. EPS projected between $ 8.75, $ 9.50 per share diluted in order fully to grow and a consolidated operating income was $ 875-975 million dollars. These forecasts are $ 80-$ 85 million at the end of the start-up costs in the manufacturing process, and 15-20 million dollar expenditure relating to the ramp factory, as well as other plants, bulbs, roots and plug-ins. The company intends to invest $ 1.0-1.1 billion u.s. dollars capital almost doubles the production capacity by the year 2012, preserves the existing capacity and infrastructure to support growth. The first solar system expects to generate $ 1.0-$ 1.1 billion in cash in the course of 2011.

Rob Gillette, First Solar, President and CEO, “the first Solar income and profit is still grows in 2011,” said. “We must receive an increase in the demand and the diversification of the actor in the revenues of the add-in projects.”

The first solar system will discuss the Outlook for the Conference call, scheduled for 2011, today at 4: 30 p.m. at investors can access the live audio webcast of this call and a presentation to investors section of the company’s website at http://www.firstsolar.com.

Conference call audio playback is also available for approximately two hours after the conclusion of the call. Playing the sound remains available Sunday, December 19, 2010 at 7: 30 p.m. EST and can be used by dialing 888-203-1112 or 719 if you are calling from the United States-457-0820 if you are calling from outside the United States, and then type the replay pass code 7856437. Replay of the webcast is part of the company’s website on investor-available approximately two hours after the conclusion of the call and continue to be available for approximately 90 calendar days. If you have FactSet or Thomson 1 Subscriber, you can obtain written declaring about two hours after the conclusion of the call.

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