Photo: AP/PA

First Solar sees up to 3GW shipments, $4.1bn sales in 2016

US thin-film PV giant First Solar said it expects to see sales of $3.9bn-4.1bn and shipments of 2.9GW-3GW next year, as it released 2016 guidance that sent its shares down sharply in after-hours trading.

10 December 2015 10:53 GMT Updated 28 September 2016 9:14 GMT

By Andrew Lee in London

The 2016 forecast compares with an expected $3.5bn-3.6bn and 2.8GW-2.9GW of sales and shipments in 2015.

First Solar expects earnings per share of $4-4.50 in 2016 against $4.30-$4.50 anticipated for the current 2015 full year. That figure includes the proceeds of the expected sale of an investment and First Solar’s share of profits generated by its 8point3 yieldco with SunPower.

The figures – issued late yesterday in the US – apparently left investors underwhelmed, as the company’s shares fell 9.6%

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