First Solar thinks that it found the secret to avoiding the outselling of Chinese distributors in the US: selling whole power plants to Warren Buffett and NextEra Energy Inc.
Bloomberg reported that the US company is “forecast to report the only profit in Q2 among the 17 companies in the BI Global Large Solar Index.” First Solar will report net income of 60.1 cents a share in Q2, according to the average estimate of nine analysts surveyed by Bloomberg. And while the results of First Solar’s competitors are not due to be released until later in August, one of the main solar giants, Chinese company Suntech, announced it could delay earnings as a result of suspected fraud.
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