First Solar Keeps Beating Expectations

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.

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Source: Fool.com