First Solar Plans on Doubling Capacity

Just read this press release from First Solar...They announced additional expansion plans, which will bring their capacity from 1.4 GW this year to 2.7 GW in 2012.  That's 93% increased capacity in 2 years, or 39% per year.  Even if their margins erode, it's kind of difficult to not increase EPS significantly.

One thing that is important when you see this type of expansion plan is how well the company will execute.  Some times the best laid plans do not go as expected.  However, for First Solar, their past history has been nothing short of spectacular.  The company has been in existence for 11 years, and has become one of the biggest panel makers in the world, while making tons of money in the process.

As I have said before and will say again: renewable energy is the next megatrend.  Don't miss out!