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“It’s a real top time for the solar industry. We are encouraged by our solid performance in the first quarter as shipments exceeded the high end of our previous guidance, and that we achieved positive gross margin”
“Shipments for the quarter were 442.7 megawatt, above the high end of our previous guidance of 430 megawatt. This was driven by a stronger performance across key markets, most notably in Japan…We had a strong quarter in Japan in Q1. In the past several quarters, we have been working diligently to deepen our process in the market and have built a solid position there. This allowed us to benefit immensely from an increased efficiency activity in the quarter. In fact, our Japan shipments in Q1 alone were greater than our shipment there for the whole of our 2012. Going forward, we will continue to work closely with our partners in Japan to capitalize on their growing demand for solar energy there.”
“Gross margin was a positive 6% for the quarter, which was encouraging.”
“Europe accounted for 27 of our total shipment in this quarter”
“In Q1, the geographic breakdown of the shipments including modules, cells and tolling was approximately 39% in China, 33.6% to APAC, 26.8% to Europe and the rest of the world accounted for only 0.6%”