Why Shares of First Solar, Inc. Popped 10% Today
Shares of First Solar, Inc. (NASDAQ: FSLR) jumped as much as 10.4% in trading today after the solar manufacturer reported first-quarter earnings. At 11:20 a.m. EDT, the stock had slipped slightly but was up 7.8% on the day.
Revenue fell 39% from a year ago to $623.3 million, which is primarily due to the fact that First Solar sold fewer solar projects than it did a year ago. What was particularly surprising was the $52.0 million in net income, or $0.64 per share on an adjusted basis, easily surpassing analyst earnings estimates of $0.04 per share.
Image source: Getty Images.
Source: Fool.com
First Solar Inc. Aktie
254,45 €
-1,20 %
Die First Solar Inc. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Das niedrigere Kursziel von 250 € im Vergleich zum aktuellen Kurs von 254.45 € für First Solar Inc. führt zu einem negativen Potenzial von -1.75%.
