While most analysts have been pretty gloomy on First Solar (FSLR), iSuppli is pumped up, saying First Solar’s market share is set to soar for 2009.
First Solar’s panel production should more than double from 503 MW in 2008 to 1.1 GW this year. The majority of the new panels will actually be installed, as opposed to just sitting in inventory like many of its rivals, says iSuppli (via PV Tech).
First Solar will take over as the world’s largest panel producer, displacing Q-Cells and Sharp. In 2008, it had 7.5% of the market share. In 2009 it will be 13%. Further, First Solar’s installed panels will account for 28% of all the panels installed in the world in 2009.
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