First Solar: Q3 Earnings Insights
Shares of First Solar (NASDAQ:FSLR) rose 17.7% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 400.00% year over year to $1.45, which beat the estimate of $0.61.
Revenue of $927,565,000 higher by 69.63% from the same period last year, which beat the estimate of $693,130,000.
Outlook
First Solar Sees Q4 EPS $1-$1.50 vs $1.07 Estimate, Sales $540M-$790M; Sees FY20 EPS $3.65-$4.15, Sales $2.6B-$2.9B
How To Listen To The Conference Call
Date: Oct 27, 2020
Time: 04:30 PM
Technicals
52-week high: $87.44
Company's 52-week low was at $28.47
Price action over last quarter: Up 16.55%
Company Description
First Solar designs and manufactures photovoltaic solar modules and develops, designs, and constructs utility-scale solar systems using the company's modules. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio.
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