Action baby, action!
For folks who didn't care about FSLR in the spring of 2008 as the stock was on the way to a $317.00 top tick, this issue was the gauge of the market's mania for all things alt-energy.
$40.44 last down $6.31 (13.50%)
It was also tradable on earnings.
From Wall Street Cheat Sheet:
First Solar, Inc. (NASDAQ:FSLR) recently reported its second quarter earnings and discussed the following topics in its earnings conference call.Yesterday:
Changing Guidance
Brandon Heiken – Credit Suisse: This is Brandon Heiken speaking on behalf of Patrick Jobin. I was wondering, if you could quantify each of the different factors that are contributing to the changing guidance, specifically how much do you think of pricing benefit do you expect from holding some of these projects to completion and the other contributions as well, please?
Mark Widmar – CFO and CAO: So the impact on Macho and Solar Gen holding those assets through COD is now reflected obviously in the current year and has had an adverse impact on the current year because we pushed the revenue and the associated earnings out into 2014. But what I would say is that if you look at ABW, if you try and understand the impact of selling down a Notice to Proceed versus DOD, I mean ABW I think is a great example of where we have been to achieve upsized economics by being patient in actually selling an asset that’s up and operational. When you look to the impact to the change in guidance on our operating income we came down about $25 million. $10 million of that is the associated impact of the two acquisitions, so we have incremental R&D expenses for Apollo and as well as incremental costs associated with the Element acquisition. So that’s $10 million. Then $15 million of it was the net impact of movement out of Solar Gen, Macho offsetting by improved economics on a handful of projects plus cost pressures that we are experiencing on AVSR.
2013 EPS Outlook
Brian Lee – Goldman Sachs: So I guess on the two products that you are holding through completion can you quantify the specific impacts that it had to lowering the 2013 EPS outlook? Is it fair to assume these projects are now going to be fully recognized in 2014 and if so, what’s the incremental EPS benefit for the delayed sale?...MORE
UPDATED--Earnings: "First Solar, Inc. Misses Q2 EPS by 13c; Cuts FY13 Outlook" (FSLR)
First Solar Q2 13 Earnings Conference Call At 4:30 PM ET (FSLR)
...An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until Monday, August 12, 2013 at 11:59 p.m. ET and can be accessed by dialing 888-203-1112 if you are calling from within the United States or 719-457-0820 if you are calling from outside the United States and entering the replay pass code 2349040. A replay of the webcast will be available on the Investors section of the Company's web site approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days...
