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Why First Solar Jumped 31.5% in October

·2 min read
Why First Solar Jumped 31.5% in October
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Shares of First Solar (NASDAQ: FSLR) rose 31.5% in October, according to data from S&P Global Market Intelligence. The U.S. solar panel manufacturer held its third quarter earnings report late in the month, blowing past analyst estimates, all while polling showed a solar-friendly Democratic Administration was likely to win in the November elections. In the third quarter, First Solar blew past analyst expectations, growing revenue 69.7% over last year, with EPS of $1.43 more than doubling analyst expectations of $0.62.