First Solar announces full-year 2014 financial guidance

Tempe, USA - First Solar, Inc. announced full-year 2014 guidance as well as summary financial targets through 2016.

For 2014, First Solar expects net sales of $3.7 to $4.0 billion. Consolidated gross margin is expected to be between 16 and 18 percent. Diluted earnings per share is expected to be between $2.20 and $2.60, and consolidated operating income is expected to be between $270 and $320 million. The Company expects to generate between $250 to $450 million of operating cash flow and plans for approximately $300 to $350 million in capital expenditures in 2014.

In addition to the 2014 detailed guidance, the Company also provided a summary outlook for 2015 and 2016 as follows: First Solar expects net sales in 2015 of $3.8 to $4.3billion and in 2016 of $3.8 to $4.5billion. Diluted earnings per share is expected to be between $4.50-$6.00 in 2015 and between $3.50-$5.00 in 2016. Firs Solar shares jump (+15 percent, 46,35 Euro, at Frankfurt stock exchange, 19 March 2014)

Source: IWR Online, 19 Mar 2014