First Solar, Inc. Announces 2009 First Quarter Financial Results
First Solar, Inc. (Nasdaq: FSLR) today announced its financial results for the first quarter ended March 28, 2009. Quarterly revenues were $418.2 million, down from $433.7 million in the fourth quarter of fiscal 2008 and up from $196.9 million in the first quarter of fiscal 2008.
Net income for the first quarter of fiscal 2009 was $164.6 million or $1.99 per share on a fully diluted basis, up from $132.8 million or $1.61 per share on a fully diluted basis for the fourth quarter of fiscal 2008 and up from $46.6 million or $0.57 per share on a fully diluted basis for the first quarter of fiscal 2008.
First Solar will discuss these results and expected results for fiscal 2009 in a conference call scheduled for today at 1:30 p.m. MST (4:30 p.m. EDT). Investors may access a live audio webcast of this conference call in the Investors section of the Company’s Web site at http://www.firstsolar.com. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until Friday, May 1, 2009 at 11:59 p.m. EDT and can be accessed by dialing 888-286-8010 if you are calling from within the United States or 617-801-6888 if you are calling from outside the United States and entering access code 93319217. A replay of the webcast will be available on the Investor section on the Company’s Web site approximately two hours after the conclusion of the call and will remain available for 90 calendar days.
SolarPlaza, a leading consultancy on the global solar industry, is pleased to announce “The Solar Future ” Conference to be held in Munich, Germany on May 26. For a single day, the world’s top minds will come together to discuss the future of the fastest-growing renewable energy at a critical time for the industry. Speakers will include such experts and CEO's as Bruce Sohn, President of First Solar, Dr. Shi, CEO Suntech Power, Anton Milner, CEO Q-cells, renowned analyst Travis Bradford of the Prometheus Institute; Stephen O’Rourke, analyst with Deutsche Bank Securities on Wall Street; and David Rubin, chairman of the board of directors of the Solar Electric Power Association.
