A key figure provided by the company was the manufacturing efficiency increase. First Solar believes it will cost $0.40 per watt by 2017, sharply lower than the $0.63 – $0.66 forecast for 2013. This metric is important: only the lowest cost producer in the industry is expected to thrive in the solar energy marketplace.
For the month, First Solar is up 38%, slightly down from a 48% intra-day peak when the guidance was announced.
Charting and Conclusion
First Solar remains a clear favorite in the solar energy space. Investors may take profits in shares of the company in the near term. Investors who missed the rally will be given another entry point some time in the future: Written by Kapitall contributor Chris Lau Looking to dig deeper into the solar industry? You’re not alone. Nine out of ten Americans now think it's important for the U.S. to develop and use solar power, while state and local governments are increasingly adopting pro-solar policies. Consider the decreasing panel costs and more efficient technologies and you may agree it's time for investors to seriously consider this space. The following infographic produced by Kapitall highlights the current state and potential of the industry. Click to expand the image and learn how to invest in solar or other industries at Kapitall (www.kapitall.com).
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