Here are some highlights I extracted from First Solar’s conference call transcript provided by Seeking Alpha
Conference call highlights:
* Manufacturing cost declined to .93/watt a reduction from .98 over the year ago quarter
Company roadmap calls for .65/watt by 2012
* 479 MW of new volumes in Q1 (361 MW in Europe)
* More opportunity in Germany coming once the snow melts* Risk of customer defaults continues which could impact 10 - 15% of planned shipments for 2009 (situation hasn’t changed since last quarter)
* Germany seeing evidence of larger banks beginning to lend in some cases and actively underwrite and consider loans
* In Euope (outside Germany) situation less visible and more cautious due to unhealthy banking system
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