Tag Archives: fslr

First Solar Upgraded, Price Targets Hiked On Yieldco

First Solar (FSLR) received upgrades and price target increases from several analysts Wednesday following a decision to partner with SunPower on a “yieldco,” despite a Q4 revenue miss and lower guidance. “The revenue guidance miss is due to less project sales as the company retains more projects for the yieldco,” RBC Capital Markets analyst Mahesh Sanganeria said in a research report Wednesday. SunPower and First Solar late Monday announced they

Yieldco Partners First Solar, SunPower Post Mixed Q4

First Solar late Tuesday posted Q4 earnings that beat views but revenue that missed, after its new partner — SunPower — early Tuesday reported a Q4 beat but a lower-than-expected Q1 outlook. Tempe, Ariz.-based First Solar’s (FSLR) Q1 outlook also fell well short of views, but, like SunPower, company executives attributed that to the near-term impact of their new partnership. Late Monday, SunPower (SPWR) and First Solar announced plans to jointly

First Solar, SunPower Ink Deal For YieldCo

Solar panel manufacturers First Solar (FSLR) and SunPower announced Monday they’re in “advanced negotiations” to form a joint, publicly traded yield company that would own and operate solar-power assets to generate revenue for investors. The companies could use capital generated from the “yieldco” to fund new power projects, a growing trend in the industry. The two companies said in a statement they intend to file a registration statement with the