Dallas, Texas 04/03/2014 (FINANCIALSTRENDS) – First Solar, Inc. (NASDAQ:FSLR) is the company that is dealing with manufacture and selling of the solar modules to its customers for years together. This is a fact that the costs of such modules has fallen down and that too by 30% in the period between 2008 to 2013. There has been a forecast that the cost is going to get low further.
The disruption that the new economics of the solar industry is going to cause
First Solar, Inc. (NASDAQ:FSLR) which is the top thin-film solar module maker in the US has recently announced their three year plan that will include focusing on gaining efficiency in making of cadmium telluride thin film panels. They have planned to increase it from 15.8% in the 4th quarter to 18.4% in the year 2016 and to reach the extent of 19.6% in the year 2017.
Such new landmarks in efficiency and the innovative process of manufacturing put together with their working with General Electric Company (NYSE:GE) may push the system cost down. The company at present manages to be the world’s best low cost solar cell manufacturer. First Solar, Inc. (NASDAQ: FSLR) is also planning to explore the domestic markets and increase their residential installations.
The growing opportunities for First Solar, Inc. (NASDAQ:FSLR)
With the increasing investments and adoption of solar technology by many countries the First Solar, Inc. (NASDAQ:FSLR)’s business is expected to increase in China, Japan, Europe and US. There is also a possible business opportunity in future in Africa and India.
There was a recent announcement made by First Solar, Inc. (NASDAQ:FSLR) that they are planning a huge investment in Australian mining companies to develop a 200 MW Solar Power that could benefit the mining process in a great way. Apart from this there are many other companies like Wal-Mart Stores, Starwood Hotels and Resorts, Verizon communications etc who are planning to benefit themselves from the renewable power.