First Solar , the largest U.S. solar manufacturer, posted a smaller than expected adjusted net loss for Q4 2016, while beating revenue estimates, despite tough pricing conditions and oversupply in the global solar market. Below we provide some of the key takeaways from the company’s earnings and take a look at what to expect in 2017. We have a $40 price estimate for First Solar, which represents a 10% premium over the current market price. While panel pricing trended significantly lower over 2016 (down ~35%), First Solar indicated that it was seeing some signs of stabilization. First Solar will work to retool its factories in Ohio and Malaysia over 2017, with plans to produce 1 GW of Series 6 over the second half of 2018.

Source: Forbes February 22, 2017 18:46 UTC