First Solar Keeps Beating Expectations
First Solar Inc (NASDAQ: FSLR) is already the biggest beneficiary of the threat of solar tariffs on imports coming into the U.S. and the windfall continued to come in third-quarter earnings results. Revenue of $1.09 billion and net income of $209.7 million, or $1.95 per share, was enough to crush analyst estimates and cause another outlook increase.
Utilities and project developers are concerned they'll have to buy solar panels subject to import tariffs in 2018 and 2019, so they're turning to First Solar, whose thin-film panels (likely) won't be subject to tariffs. That's led to tremendous demand and given First Solar the incentive to increase production in both 2017 and 2018. Here are the key takeaways from the quarter.
Image source: First Solar.
Source: Fool.com
First Solar Inc. Stock
The stock is one of the favorites of our community with 39 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.83% for First Solar Inc. as the target price of 222 € is below the current price of 223.85 €.
