financial news ♦ Solar
FINANCIAL NEWS Solar
First Solar Sets Schedule for 2011 Guidance Conference Call
THE CEO of the PV solar manufacturer will host a conference call on Tuesday, December 14, 2010 to discuss guidance for 2011 followed by a Q&A session.
First Solar will host its 2011 Guidance Conference Call after the market close on Tuesday, December 14, 2010 at 4:30 p.m. EST.
Rob Gillette, CEO, Jens Meyerhoff, CFO and President, Utility Systems Group, and Bruce Sohn, President, will review the Company’s 2011 Guidance followed by Q&A. Investors may access a live webcast of this event by visiting http://investor.
firstsolar.com/phoenix.zhtml?c=201491&p=irol- calendar.
An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until Sunday, December 19, 2010 at 7:30 p.m. EST and can be accessed by dialing
888-203-1112 or
719-457-0820 (international)
888-203-1112 719-457-0820
(US)
The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost- effective, renewable energy solutions that protect and enhance the environment.
Emcore Announces New $35 Million Credit Facility
The firm has terminated its loan agreement with Bank of America which had a revolving credit facility of $14millionand has signed a contract for $35 with Wells Fargo.
Emcore Corporation, a leading provider of compound semiconductor-based components has announced the establishment of a revolving credit facility with Wells Fargo.
The asset-based credit facility provides for borrowings up to $35 million for working capital requirements, letters of credit and other general corporate purposes.
The credit facility is subject to certain financial covenants and a borrowing base formula and matures in November 2013. The credit facility bears interest at a rate per annum equal to the daily three month LIBOR rate for the applicable interest period plus 3.00%. The loan is secured by substantially all of the Company’s assets located in the United States and is guaranteed by certain subsidiaries of the Company. The loan agreement contains customary representations and warranties, and affirmative and negative covenants.
and entering the replay pass code 7856437. A replay of the webcast will be available on the Investor section on the Company’s web site approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions.
In connection with the new facility, Emcore terminated its prior loan agreement with Bank of America. The prior agreement provided the Company with a revolving credit facility of $14million.
“We are pleased to have executed a significant increase in our credit facility. This credit facility, combined with our existing cash position and improved operating performance over the past year, ensures that we have the financial capability required to support our strategic plan,” stated Mark Weinswig, Chief Financial Officer of Emcore.
November/December 2010
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