9 Apr 2021
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FIRST SOLAR INTRODUCTION
One of the largest solar manufacturers and the largest solar contractor in the world.

First Solar Project Map as below :

But do you know ? RM600 millions contract (since 2018) awarded to Local Listed Company to supply materials to Nasdaq-listed First Solar Inc, First Solar Vietnam Mfg Co Ltd and First Solar Malaysia Sdn Bhd for the latter's use in the production of solar photovoltaic modules.

PA RESOURCES (Breakout from Symmetrical Triangle Recently)





Meanwhile let's walkthrough the FIRST SOLAR latest QR.

From the above, we understand that Second Series 6 Factory in Malaysia already exit ramp in Q1.
This helps FIRST SOLAR to expand the manufacturing capacity to next level +38% from year 2020.



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The contract ending Q1 2021 (3 Years from Q1 2018).

Will PA Resources get the renewal ? If yes, we expect the contract should be more than RM1bil.

As First Solar forecasted 8.7GW capacity in 2021 

2018 - 5.6 GW
2019 - 6.1 GW
2020 - 6.3 GW

Total 3 Years : 18 GW

2021E : 8.7GW
2022E : 9.4GW

Total 2 Years E : 18.1 GW (+50% At least)



 

 Biden's massive $2 trillion infrastructure package is a provision that would require every state to generate all of its electricity by 2035 from fuels that do not produce any of the carbon emissions linked to global climate change.

Such a transition would trigger a massive spending boom in wind and solar power -- at least doubling the pace of investment now.

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