First Solar, the largest U.S. solar manufacturer, provided relatively conservative guidance for 2016, projecting modest revenue growth (13% at the midpoint), flattish shipments (4% growth) and contracting gross margins (7.5% lower). The outlook is somewhat lackluster, given that 2016 is expected to be a strong year for the U.S. solar market amid a rush by project developers to avail the Investment Tax Credit which is slated to expire at the end of the year. In this note, we provide some of the k...
First Solar, the largest U.S. solar manufacturer, provided relatively conservative guidance for 2016, projecting modest revenue growth (13% at the midpoint), flattish shipments (4% growth) and contracting gross margins (7.5% lower). The outlook is somewhat lackluster, given that 2016 is expected to be a strong year for the U.S. solar market amid a rush by project developers to avail the Investment Tax Credit which is slated to expire at the end of the year. In this note, we provide some of the k...
Share this Article
Recommended