First Solar's Second Quarter Shows Its Future is Getting Brighter
The solar market is alive and well, and First Solar, Inc. (NASDAQ: FSLR) is one of the biggest beneficiaries in 2017. The company not only crushed expectations in the second quarter but raised guidance for the full year. It also explained how it's going to squeeze as much value it can out of existing production as it upgrades to a new product called Series 6.
The earnings beat wasn't entirely shocking based on the information we had about solar module and project prices rising in 2017. But the scale and breadth of the good news was a huge development for investors.
Image source: First Solar.
Source: Fool.com