December 6 (Renewables Now) - US thin-film photovoltaic (PV) modules maker First Solar Inc (NASDAQ:FSLR) on Tuesday announced its financial forecast for 2018, including a net sales range of USD 2.3 billion-2.5 billion (EUR 1.94bn-2.1bn).
The company said it expects that next year net sales of solar power systems to comprise 75%-80% of total net sales. Third-party module sales would account for the remainder.
The table below shows First Solar's 2018 projections.
|in USD, unless otherwise noted||2018 GAAP Guidance|
|Gross margin (%)||22-23|
|Earnings per share (EPS)||1.25-1.75|
|Net cash balance||1.6bn-1.8bn|
|Operating cash flow||100m-200m|
First Solar noted that its EPS guidance takes into consideration production ramp costs of about USD 60 million and production start-up expenses of around USD 110 million, relating to the deployment of Series 6 capacity in 2018. Furthermore, the range includes projected restructuring related charges of some USD 10 million.
(USD 1.0 = EUR 0.845)