First Solar Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

First Solar Inc Q3 2023 Earnings Call Summary

First Solar Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
First Solar Inc Q3 2023 Earnings Call Summary
Published Oct 31, 2023
16 pages (10089 words) — Published Oct 31, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FSLR.OQ earnings conference call or presentation 31-Oct-23 8:30pm GMT

  
Brief Excerpt:

...A. Beginning on Slide 3, we will continue to build on our backlog with 6.8 gigawatts of net bookings since our last earnings call at an ASP of $0.30 per watt, excluding India. B. This base ASP excludes adjusters applicable to approximately 70% of these bookings, which when applied with our -- aligned with our technology road map may provide potential upside to the base ASP. C. These bookings bring our year-to-date net bookings to 27.8 gigawatts and our total backlog to 81.8 gigawatts. D. Our total pipeline of future bookings opportunity stands at 65.9 gigawatts, including 32.5 gigawatts of mid- to late-stage opportunities. E. As it relates to manufacturing, we produced 2.5 gigawatts of Series 6 modules in the third quarter with an average watts per module of 469, a top bin class of 475 watts and manufacturing yield of 98%. F. Our third Ohio factory, which establishes the template for high volume Series 7 manufacturing continues to ramp, demonstrating the manufacturing production capability...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
First Solar Inc
Ticker
FSLR.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Alexander John Vrabel - BofA Securities, Research Division - Analyst : It's Alex on for Julien. Just a follow-up if I can to that, Mark. When you think about where you guys are booking - and I'll say this like you guys used to be in the development game as well, so I think you obviously understand the lead times on these projects. I mean how much is that mid- to late-stage compression a function of just, listen, there's a lot of uncertainty as far as timing of interconnects, permitting, et cetera and looking out in 2028, it's sort of hard to say which projects will be first versus second versus third? Or is this more that the market is kind of getting back to some level of normalcy as far as supply and demand in modules and buyers are just electing to it? I guess sort of parse that for us relative to it just being really long dated as opposed to a sort of a shift in buyer sentiment or market conditions if you will.

Table Of Contents

First Solar Inc Q4 2024 Earnings Call Summary – 2025-02-25 – US$ 54.00 – Edited Brief of FSLR.OQ earnings conference call or presentation 25-Feb-25 9:30pm GMT

First Solar Inc Q4 2024 Earnings Call Transcript – 2025-02-25 – US$ 54.00 – Edited Transcript of FSLR.OQ earnings conference call or presentation 25-Feb-25 9:30pm GMT

First Solar Inc Q3 2024 Earnings Call Summary – 2024-10-29 – US$ 54.00 – Edited Brief of FSLR.OQ earnings conference call or presentation 29-Oct-24 8:30pm GMT

First Solar Inc Q3 2024 Earnings Call Transcript – 2024-10-29 – US$ 54.00 – Edited Transcript of FSLR.OQ earnings conference call or presentation 29-Oct-24 8:30pm GMT

First Solar Inc Q3 2023 Earnings Call Transcript – 2023-10-31 – US$ 54.00 – Edited Transcript of FSLR.OQ earnings conference call or presentation 31-Oct-23 8:30pm GMT

First Solar Inc Analyst Day Summary – 2023-09-07 – US$ 54.00 – Edited Brief of FSLR.OQ corporate analyst meeting</ 7-Sep-23 12:30pm GMT

First Solar Inc Analyst Day Transcript – 2023-09-07 – US$ 54.00 – Edited Transcript of FSLR.OQ corporate analyst meeting</ 7-Sep-23 12:30pm GMT

First Solar Inc Q2 2023 Earnings Call Summary – 2023-07-27 – US$ 54.00 – Edited Brief of FSLR.OQ earnings conference call or presentation 27-Jul-23 8:30pm GMT

First Solar Inc Q2 2023 Earnings Call Transcript – 2023-07-27 – US$ 54.00 – Edited Transcript of FSLR.OQ earnings conference call or presentation 27-Jul-23 8:30pm GMT

First Solar Inc Annual Shareholders Meeting Summary – 2023-05-09 – US$ 54.00 – Edited Brief of FSLR.OQ shareholder or annual meeting 9-May-23 4:00pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "First Solar Inc Q3 2023 Earnings Call Summary" Oct 31, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-First-Solar-Inc-Earnings-Call-B15775703>
  
APA:
Thomson StreetEvents. (2023). First Solar Inc Q3 2023 Earnings Call Summary Oct 31, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-First-Solar-Inc-Earnings-Call-B15775703>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.