ON FIRST SOLAR’S PROSPECTS

First Solar: Upside Momentum To Continue

Stock Gamer, March 30, 2014 (Seeking Alpha)

“The share price of First Solar (FSLR) has risen substantially by 154% over the past 12 months, compared to just an 18% return for S&P 500. In my view, there remains ample room for further price appreciation…In the company's recent Analyst meeting, management provided their long-term vision on FSLR's CdTe technology. The technology's cell efficiency is expected to rise from 20% in 2014 to 25% in 2016. Given that the efficiency ratios for both multi-crystalline and mono crystal cells are currently at about 20% and 25%, respectively, which are close to their theoretical limits largely due to limited investments, it is believed that CdTe's cell efficiency would eventually surpass the efficiency of the two competing technologies. Management also expects system-wide efficiency to reach 19.5% by 2017, which is higher than previous target of 17.2%...[FSLR's strong fundamental trend…should ensure healthy organic growth…Balance sheet strength provides significant capacity for future M&A which would drive incremental growth...Trading below peer average on EV/EBITDA basis, FSLR's valuation is inexpensive]…” click here for more

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