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