First Solar Earnings Takeaways: Solid Tech And Cost Improvements Projected

While the operational results and updated guidance were solid, the most important takeaway from the earnings release was the firm?s manufacturing and technology improvements. Best line panel manufacturing costs have fallen to below $0.40/watt and average conversion efficiencies are poised to rise to 16.2% by the end of this year, allowing the firm to beat polysilicon panels in terms of key performance metrics. This marks an important turnaround of sorts for First Solar, since the company appeare...