Why Shares of First Solar, Inc. Jumped in October
Shares of solar manufacturing giant First Solar, Inc. (NASDAQ: FSLR) jumped 19.5% in October, according to data provided by S&P Global Market Intelligence, after reporting earnings that were far better than expected.
Revenue of $1.09 billion and net income of $209.7 million both beat expectations and management also increased full-year earnings guidance to $2.05-$2.30 per share. High panel and solar project prices in the quarter were a huge tailwind for the company.
Image source: First Solar.
Source: Fool.com
First Solar Inc. Stock
€195.42
8.660%
The stock is one of the favorites of our community with 39 Buy predictions and 1 Sell predictions.
As a result the target price of 222 € shows a slightly positive potential of 13.6% compared to the current price of 195.42 € for First Solar Inc..
