earnings
confidence high
sentiment negative
materiality 0.85
First Solar Q4 EPS $1.23; guides 2022 EPS $0.00-$0.60 amid expansion costs
FIRST SOLAR, INC.
2021-FY EPS reported
$4.38
revenue$2,923,377,000
- Q4 net sales $0.9B (+$0.3B QoQ); full-year net income $4.38/diluted share above mid-point of prior guidance.
- 17.5 GW DC net bookings in 2021; year-end cash $1.8B.
- 2022 guidance: net sales $2.4B-$2.6B, EPS $0.00-$0.60, shipments 8.9-9.4 GW.
- 2022 guidance includes $85M-$90M production start-up expense and $270M-$290M pre-tax gain from potential Japan platform sale.
- Advanced stage discussions to sell Japan project development and O&M platform; no certainty of transaction.