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Why First Solar Stock Plunged Today

TheMotleyFool

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Shares of solar manufacturer First Solar (NASDAQ: FSLR) fell as much as 10.6% on Friday after the company reported first-quarter 2021 financial results. The solar energy stock moved lower for most of the morning and was down 10.5% as of 1:25 p.m. EDT.

First-quarter revenue was $803 million and net income was $209.7 million, or $1.96 per share. Analysts were expecting earnings of $1.03 per share on revenue of $785 million, so results easily topped that bar. But it was guidance that was in focus today.

Image source: First Solar.

Source Fool.com

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