The company raised its guidance for the year. First Solar now expects earnings to be between $4.40 - $4.70 per share (non-GAAP). Sales are expected to be between $3.5 and $3.8 billion.
Plant utilization is expected to run at 90 - 95% of capacity. This will help manufacturing costs decline from $0.70 - $0.72 per watt to $0.68 to $0.70 per watt for the year.
First Solar anticipates nearly $9 billion in revenue in the future, based on its current project pipeline.
Sentiment: Strong Buy