First Solar, Inc. Announces Fourth Quarter & Full Year 2015 Financial Results

• Record annual net sales of $3.6 billion for 2015. Fourth quarter net sales of $942 million.
• Full year earnings per share of $5.37. Fourth quarter EPS of $1.60.
• Cash and marketable securities of $1.8 billion, net cash of $1.5 billion.
• Maintain 2016 EPS guidance at $4.00 to $4.50.
• Record annual bookings of 3.4GW_dc in 2015. 2016 year-to-date bookings of over 160MWdc.

EMPE, Ariz.-- First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the fourth quarter and year ended December 31, 2015. Net sales were $942 million in the quarter, a decrease of $329 million from the third quarter of 2015. The decrease in net sales from the prior quarter was primarily attributable to lower revenue from the Desert Stateline project, which achieved initial revenue recognition in the third quarter. In addition, sales of third party module and module plus offerings decreased.

Amtech Announces $22 Million in New Solar Orders in Fiscal Q1 Includes Significant Order for High Throughput Diffusion and PECVD Systems

TEMPE, Ariz., Dec. 31, 2015 -- Amtech Systems, Inc. (ASYS), a global supplier of production equipment and related supplies for the solar, semiconductor, and LED markets, today announced its solar subsidiary, Tempress Systems, Inc., has received approximately $22 million in new solar orders, of which approximately 50% is for its PECVD systems. The majority of the orders is from a top tier solar cell manufacturer in Asia and is expected to ship within the next six to nine months.

Fokko Pentinga,  Chief Executive Officer of Amtech, commented, "We continue to work closely with current and future customers on their solar cell manufacturing needs and believe we are well positioned to bring high value to our customers through our product and technology offerings.  We are experiencing a healthy start to our fiscal 2016 year with the approximately $22 million in solar orders received to date."

SunEdison and TerraForm Power Announce Definitive Agreement to Acquire Vivint Solar for $2.2 Billion

- SunEdison to acquire Vivint Solar, to drop down 523 MW rooftop solar portfolio to TerraForm Power
- Accelerates SunEdison's expansion to become the leading global residential and commercial solar provider
- TerraForm Power to acquire 523 MW rooftop solar portfolio with expected unlevered annual CAFD of $81 million, generating attractive 9.5% 10-year average levered cash-on-cash yield
- Rooftop solar portfolio offers attractive CAFD profile and predictable drop down flow
- SunEdison initiates 2016 guidance of 4,200 MW to 4,500 MW delivered, a 50 percent year-on-year increase over previous 2016 outlook of 2,800 MW to 3,000 MW
- TerraForm Power raises 2016 DPS guidance from $1.70 to $1.75 and initiates 2017 guidance of $2.05, up from previous target of $2.00

SolarEdge Announces Fiscal First Quarter Financial Results

FREMONT, Calif.-- SolarEdge Technologies, Inc. (SEDG) today announced its financial results for the fiscal first quarter ended September 30, 2015.

Fiscal First Quarter 2016 Highlights

• Record revenue of $115.1 million, up 16.9% from last quarter and 71.8% year-over-year
• GAAP gross margin of 29.1%
• GAAP net income of $14.4 million
• Non-GAAP net income of $16.3 million
• 356 Megawatts (AC) of inverters shipped

  Published: 05 November 2015

  Written by Editor

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