Solar News: SolarCity Corp (SCTY) Customer Growth, First Solar, Inc. (FSLR) & SunPower Corporation (SPWR)

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Editor’s Note: Related Tickers: First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), Trina Solar Limited (ADR) (NYSE:TSL), LDK Solar Co., Ltd (NYSE:LDK), SolarCity Corp (NASDAQ:SCTY)

First Solar Financials Shine Year Over Year (Compound Semiconductor)
First Solar, Inc. (NASDAQ:FSLR) has announced financial results for the first quarter of 2013. Net sales were $755 million in the quarter, a decrease of $320 million from the fourth quarter of 2012 and an increase of $258 million from the first quarter of 2012. The firm says decrease in net sales from the fourth quarter of 2012 was primarily due to less revenue recognition from its systems business projects primarily related to the Topaz project. The increase over the first quarter of 2012 was mainly due to higher sales volumes for third-party module sales and an increase in revenue from systems projects.

First Solar, Inc. (NASDAQ:FSLR)Credit: First Solar, Inc. (NASDAQ:FSLR)

SunPower Corporation (SPWR): The Mind-Blowing Data You’ve Gotta See (Insider Monkey)
SunPower Corporation (NASDAQ:SPWR) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. SPWR investors should be aware of a decrease in hedge fund sentiment lately. There were 13 hedge funds in our database with SPWR positions at the end of the previous quarter. Of the funds we track, Royce & Associates, managed by Chuck Royce, holds the biggest position in SunPower Corporation (NASDAQ:SPWR). Royce & Associates has a $8.7 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Ardsley Partners, managed by Philip Hempleman, which held a $7.3 million position; 1.5% of its 13F portfolio is allocated to the company.

SolarCity Announces First Quarter 2013 Financial Results (Yahoo! Finance)
SolarCity Corp (NASDAQ:SCTY), a leading provider of clean energy, today announced financial results for the first quarter ended March 31, 2013. “Extending its leadership as the nation’s premier clean energy provider, SolarCity Corp (NASDAQ:SCTY) not only grew its customer base 106% year-over-year to over 57,400 and increased its long-term contracted cash flows to $1.22 billion but also exceeded guidance of MW deployed of 41 MW with 46 MW in the first quarter of 2013,” said Lyndon Rive, CEO. “Through our unique, vertically-integrated platform of financing and installing solar systems, we offer customers a compelling value proposition of clean energy for lower than their local utility rate,” continued Mr. Rive. “And our growing economies of scale and falling cost of capital are leading us to retain greater value for our shareholders.”

What Should We Know Before SunPower’s Analyst Day On May 15? (Seeking Alpha)
SunPower Corporation (NASDAQ:SPWR) announced its 1Q13 results on May 2 with strong performance from both rooftop and ground mount projects. The better-than-expected results sent SPWR shares up more than 17 percent on that day thanks to strong demand from North America and Japan. In a typical low season of solar energy installation, SPWR’s revenue beat and loss narrowing really mean a solid start for SPWR and a cheerful solar photovoltaic (PV) industry as well. SunPower Corporation (NASDAQ:SPWR) will provide the company’s second quarter and fiscal year 2013 guidance at its Analyst Day to be held on May 15, 2013, which should be quite interesting to investors in terms of market drivers, product and manufacturing capacities, business upside opportunities, and profitability.

First Solar, Inc. (FSLR), Regeneron Pharmaceuticals Inc (REGN), Advanced Micro Devices, Inc. (AMD) & The Stocks Driving The S&P 500 Higher (Insider Monkey)
Until recently, First Solar, Inc. (NASDAQ:FSLR) was stuck in the doldrums along with the rest of the solar industry, which was suffering from overcapacity and concerns about its future economic viability. Yet last month, First Solar, Inc. (NASDAQ:FSLR) gave an incredibly positive outlook, arguing that it would…

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