-
Net sales of $768 million for the fourth quarter and $3.3 billion
for 2013
-
GAAP earnings per fully diluted share of $0.64 for the fourth
quarter and $3.70 for 2013
-
Non-GAAP earnings per fully diluted share of $0.89 for the fourth
quarter and $4.35 for 2013
-
Cash and Marketable Securities of $1.8 billion, Net Cash of $1.5
billion
-
Earnings guidance of $0.50 to $0.60 per fully diluted share for the
first quarter of 2014
TEMPE, Ariz.--(BUSINESS WIRE)--
First Solar, Inc. (Nasdaq: FSLR) today announced financial results for
the fourth quarter and year ended Dec. 31, 2013. Net sales were $768
million in the quarter, a decrease of $497 million from the third
quarter of 2013. The sequential decrease in net sales is primarily
attributable to lower systems business project revenues as initial
revenue recognition for Desert Sunlight and sale of the ABW projects
were both achieved in the third quarter of 2013.
The Company reported fourth quarter GAAP net income per fully diluted
share of $0.64, compared to $1.94 in the third quarter of 2013. The
fourth quarter of 2013 was impacted by pre-tax restructuring and asset
impairment charges of $24.9 million primarily related to an additional
write-down, due to a change in marketing strategy, in the value of our
idle Vietnam facility. Excluding the impact of the restructuring and
asset impairment charges, Non-GAAP net income per fully diluted share
was $0.89. The company reported a full year GAAP net income per fully
diluted share of $3.70 for 2013, including the impact of pre-tax charges
of $86.9 million related to previously announced restructuring
activities, the sale of our Mesa, Arizona facility and the write-down of
our Vietnam facility. Non-GAAP net income per fully diluted share for
the full-year 2013 was $4.35.
Cash and Marketable Securities at the end of the fourth quarter were
approximately $1.8 billion, an increase of approximately $232 million
compared to the end of the third quarter of 2013. Cash flows from
operations were $192 million in the fourth quarter and $856 million for
the full-year 2013.
The Company also provided guidance for the first quarter of 2014 as
follows:
-
Net Sales of $800 to $900 million
-
EPS of $ 0.50 to $ 0.60 per fully diluted share
-
Cash used in operating activities of ($300) to ($400) million
"The fourth quarter and full-year 2013 shows our Company's continued
progress in achieving the strategic objectives we outlined during our
Analyst Day event in April," said Jim Hughes, CEO of First Solar. "For
the year completed we delivered on several key objectives, including
additional bookings of approximately 1.7GWdc, significant
reductions to our module manufacturing cost, and a strong financial
performance. As we move into 2014 the company remains focused on
continuing to achieve our strategic objectives to ensure future success."
First Solar achieved several milestones over the past year:
-
Set a new world record for CdTe cell efficiency at 20.4%.
-
Reduced the average module manufacturing costs on its best plant by
17% from $0.64 per watt in the fourth quarter of 2012 to $0.53 per
watt in the fourth quarter of 2013 (excluding underutilization and
upgrades).
-
Surpassed 8 GWDC of cumulative production, enough to
provide clean electricity for approximately 4 million homes and
displace 5.2 million metric tons of CO₂ annually.
-
Added approximately 1.7 GWDC of new projects to the
Company's project pipeline.
-
Acquired TetraSun to expand addressable market opportunity.
-
Completed its first utility-scale project in the Middle East and the
largest operating solar PV plant in the region.
For a reconciliation of non-GAAP measures to measures presented in
accordance with generally accepted accounting principles in the U.S.
("GAAP"), see the tables below.
First Solar has scheduled a conference call for today, February 25, 2014
at 4:30 p.m. ET to discuss this announcement. Investors may access a
live webcast of this conference call by visiting http://investor.firstsolar.com/events.cfm.
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, March 3, 2014 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 3205201. 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.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic
(PV) solar systems which use its module and systems technology. The
Company's integrated power plant solutions deliver an economically
attractive alternative to fossil-fuel electricity generation today. From
raw material sourcing through end-of-life module recycling, First
Solar's renewable energy systems protect and enhance the environment.
For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant
to safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include statements, among
other things, concerning: our business strategy, including anticipated
trends and developments in and management plans for our business and the
markets in which we operate; future financial results, operating
results, revenues, gross margin, operating expenses, products, projected
costs, warranties, solar module efficiency and balance of systems
("BoS") cost reduction roadmaps, restructuring, product reliability and
capital expenditures; our ability to continue to reduce the cost per
watt of our solar modules; our ability to reduce the costs to construct
photovoltaic ("PV") solar power systems; research and development
programs and our ability to improve the conversion efficiency of our
solar modules; sales and marketing initiatives; and competition. These
forward-looking statements are often characterized by the use of words
such as "estimate," "expect," "anticipate," "project," "plan," "intend,"
"believe," "forecast," "foresee," "likely," "may," "should," "goal,"
"target," "might," "will," "could," "predict," "continue" and the
negative or plural of these words and other comparable terminology.
Forward-looking statements are only predictions based on our current
expectations and our projections about future events. You should not
place undue reliance on these forward-looking statements. We undertake
no obligation to update any of these forward-looking statements for any
reason. These forward-looking statements involve known and unknown
risks, uncertainties, and other factors that may cause our actual
results, levels of activity, performance, or achievements to differ
materially from those expressed or implied by these statements. These
factors include, but are not limited to, the matters discussed in Item
1A: "Risk Factors," of our Annual Report on Form 10-K for the year ended
December 31, 2012, as updated and supplemented by risk factors included
in our Prospectus dated June 12, 2013 filed with the SEC pursuant to
Rule 424(b)(5) (the "Prospectus"), Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and other reports filed with the SEC.
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRST SOLAR, INC. AND SUBSIDIARIES
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands, except share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013
|
|
|
December 31, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
1,325,072
|
|
|
|
$
|
901,294
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities
|
|
439,102
|
|
|
|
102,578
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable trade, net
|
|
136,383
|
|
|
|
553,567
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, unbilled and retainage
|
|
521,323
|
|
|
|
400,987
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories
|
|
388,951
|
|
|
|
434,921
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance of systems parts
|
|
133,731
|
|
|
|
98,903
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred project costs
|
|
556,957
|
|
|
|
21,390
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax assets, net
|
|
63,899
|
|
|
|
44,070
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets held for sale
|
|
132,626
|
|
|
|
49,521
|
|
|
|
|
|
|
|
|
|
|
|
|
Note receivable, affiliate
|
|
—
|
|
|
|
17,725
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and other current assets
|
|
94,720
|
|
|
|
207,368
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
3,792,764
|
|
|
|
2,832,324
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment, net
|
|
1,385,084
|
|
|
|
1,525,382
|
|
|
|
|
|
|
|
|
|
|
|
|
Project assets and deferred project costs
|
|
720,916
|
|
|
|
845,478
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax assets, net
|
|
296,603
|
|
|
|
317,473
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted cash and investments
|
|
279,441
|
|
|
|
301,400
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
84,985
|
|
|
|
65,444
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories
|
|
129,664
|
|
|
|
134,375
|
|
|
|
|
|
|
|
|
|
|
|
|
Retainage
|
|
992
|
|
|
|
270,364
|
|
|
|
|
|
|
|
|
|
|
|
|
Other assets
|
|
193,053
|
|
|
|
56,452
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
6,883,502
|
|
|
|
$
|
6,348,692
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
261,333
|
|
|
|
$
|
350,230
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes payable
|
|
6,707
|
|
|
|
5,474
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued expenses
|
|
320,077
|
|
|
|
554,433
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
|
60,543
|
|
|
|
62,349
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments and billings for deferred project costs
|
|
642,214
|
|
|
|
94,535
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities
|
|
297,187
|
|
|
|
34,353
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
1,588,061
|
|
|
|
1,101,374
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued solar module collection and recycling liability
|
|
225,163
|
|
|
|
212,835
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
162,780
|
|
|
|
500,223
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments and billings for deferred project costs
|
|
—
|
|
|
|
636,518
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities
|
|
404,381
|
|
|
|
292,216
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
2,380,385
|
|
|
|
2,743,166
|
|
|
|
|
|
|
|
|
|
|
|
|
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, $0.001 par value per share; 500,000,000 shares
authorized; 99,506,941 and 87,145,323 shares issued and outstanding
at December 31, 2013 and 2012, respectively
|
|
100
|
|
|
|
87
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital
|
|
2,646,022
|
|
|
|
2,065,527
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated earnings
|
|
1,882,771
|
|
|
|
1,529,733
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive (loss) income
|
|
(25,776
|
)
|
|
|
10,179
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity
|
|
4,503,117
|
|
|
|
3,605,526
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity
|
|
$
|
6,883,502
|
|
|
|
$
|
6,348,692
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRST SOLAR, INC. AND SUBSIDIARIES
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
|
|
|
|
|
|
|
|
|
(In thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31,
|
|
|
Years Ended December 31,
|
|
|
|
|
|
|
|
|
|
|
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
2012
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$
|
768,437
|
|
|
|
$
|
1,075,011
|
|
|
|
$
|
3,308,989
|
|
|
|
$
|
3,368,545
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
|
|
579,141
|
|
|
|
781,464
|
|
|
|
2,446,235
|
|
|
|
2,515,796
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
189,296
|
|
|
|
293,547
|
|
|
|
862,754
|
|
|
|
852,749
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
38,421
|
|
|
|
31,639
|
|
|
|
134,300
|
|
|
|
132,460
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative
|
|
65,661
|
|
|
|
63,417
|
|
|
|
270,261
|
|
|
|
280,928
|
|
|
|
|
|
|
|
|
|
|
|
Production start-up
|
|
—
|
|
|
|
1,637
|
|
|
|
2,768
|
|
|
|
7,823
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring and asset impairments
|
|
24,892
|
|
|
|
24,839
|
|
|
|
86,896
|
|
|
|
469,101
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
128,974
|
|
|
|
121,532
|
|
|
|
494,225
|
|
|
|
890,312
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
60,322
|
|
|
|
172,015
|
|
|
|
368,529
|
|
|
|
(37,563
|
)
|
|
|
|
|
|
|
|
|
|
|
Foreign currency (loss) gain
|
|
(104
|
)
|
|
|
(2,156
|
)
|
|
|
(259
|
)
|
|
|
(2,122
|
)
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
4,203
|
|
|
|
3,129
|
|
|
|
16,752
|
|
|
|
12,824
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net
|
|
16
|
|
|
|
(2,694
|
)
|
|
|
(1,884
|
)
|
|
|
(13,888
|
)
|
|
|
|
|
|
|
|
|
|
|
Other (expense) income, net
|
|
(2,159
|
)
|
|
|
280
|
|
|
|
(4,921
|
)
|
|
|
945
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
62,278
|
|
|
|
170,574
|
|
|
|
378,217
|
|
|
|
(39,804
|
)
|
|
|
|
|
|
|
|
|
|
|
Income tax (benefit) expense
|
|
(2,982
|
)
|
|
|
16,396
|
|
|
|
25,179
|
|
|
|
56,534
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
65,260
|
|
|
|
$
|
154,178
|
|
|
|
$
|
353,038
|
|
|
|
$
|
(96,338
|
)
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
0.66
|
|
|
|
$
|
1.77
|
|
|
|
$
|
3.77
|
|
|
|
$
|
(1.11
|
)
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
$
|
0.64
|
|
|
|
$
|
1.74
|
|
|
|
$
|
3.70
|
|
|
|
$
|
(1.11
|
)
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of shares used in per share calculations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
99,471
|
|
|
|
87,084
|
|
|
|
93,697
|
|
|
|
86,860
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
101,260
|
|
|
|
88,549
|
|
|
|
95,468
|
|
|
|
86,860
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Financial Measures
The non-GAAP financial measures included in the tables below are
non-GAAP net income and non-GAAP net income per share, which adjust for
Restructuring and Asset Impairments Expense. We believe the presentation
of these non-GAAP financial measures, when taken together with the
corresponding GAAP financial measures, provides meaningful supplemental
information regarding the Company's operating performance. Our
management uses these non-GAAP financial measures in assessing the
Company's performance to prior periods and investors benefit from an
understanding of these non-GAAP financial measures. The use of non-GAAP
financial measures has limitations and you should not consider these
performance measures in isolation from or as an alternative to measures
presented in accordance with GAAP such as net income and net income per
share.
Restructuring and Asset Impairments: Included in our GAAP presentation
of operating expenses, restructuring and asset impairment costs
represent asset impairment and related costs and severance and
termination related costs primarily due to a series of restructuring
initiatives intended to align the organization with our Long Term
Strategic Plan including expected sustainable market opportunities and
to reduce costs. We exclude restructuring and asset impairment costs
from our non-GAAP measures because the asset impairment portion of the
charges does not reflect our cash position or our cash flows from
operating activities, and the restructuring charges overall do not
reflect future operating expenses, are not indicative of our core
operating performance, and are not meaningful in comparing to our past
operating performance.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31, 2013 (In thousands except per
share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP
|
|
|
Restructuring and Asset Impairments
|
|
|
|
Non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
$
|
62,278
|
|
|
|
$
|
24,892
|
|
|
|
|
$
|
87,170
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax (benefit) expense
|
|
|
(2,982
|
)
|
|
|
(110
|
)
|
|
(1
|
)
|
|
(3,092
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
$
|
65,260
|
|
|
|
$
|
25,002
|
|
|
|
|
$
|
90,262
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per fully diluted share (2)
|
|
|
$
|
0.64
|
|
|
|
$
|
0.25
|
|
|
|
|
$
|
0.89
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares outstanding
|
|
|
101,260
|
|
|
|
101,260
|
|
|
|
|
101,260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Amount adjusts the provision for income taxes to reflect the
effect of the non-GAAP adjustments on non-GAAP net income.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Amount is calculated based upon Net income divided by
Weighted-average shares outstanding. The sum of Net income per
fully diluted share across the table may not equal the calculated
amount due to rounding.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2013 (In thousands except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP
|
|
|
Restructuring and Asset Impairments
|
|
|
|
Non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
$
|
378,217
|
|
|
|
$
|
86,896
|
|
|
|
|
$
|
465,113
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax (benefit) expense
|
|
|
25,179
|
|
|
|
24,291
|
|
|
(1
|
)
|
|
49,470
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
$
|
353,038
|
|
|
|
$
|
62,605
|
|
|
|
|
$
|
415,643
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per fully diluted share (2)
|
|
|
$
|
3.70
|
|
|
|
$
|
0.66
|
|
|
|
|
$
|
4.35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares outstanding
|
|
|
95,468
|
|
|
|
95,468
|
|
|
|
|
95,468
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Amount adjusts the provision for income taxes to reflect the
effect of the non-GAAP adjustments on non-GAAP net income.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Amount is calculated based upon Net income divided by
Weighted-average shares outstanding. The sum of Net income per
fully diluted share across the table may not equal the calculated
amount due to rounding.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

First Solar Investors
David Brady
+1 602-414-9315
dbrady@firstsolar.com
or
Steve
Haymore
+1 602-414-9315
stephen.haymore@firstsolar.com
or
First
Solar Media
Steve Krum
+1 602-427-3359
steve.krum@firstsolar.com
Source: First Solar, Inc.
News Provided by Acquire Media