First Solar: Q3 Earnings Insights

Shares of First Solar FSLR rose 17.7% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 400.00% year over year to $1.45, which beat the estimate of $0.61.

Revenue of $927,565,000 higher by 69.63% from the same period last year, which beat the estimate of $693,130,000.

Outlook

First Solar Sees Q4 EPS $1-$1.50 vs $1.07 Estimate, Sales $540M-$790M; Sees FY20 EPS $3.65-$4.15, Sales $2.6B-$2.9B

How To Listen To The Conference Call

Date: Oct 27, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.firstsolar.com%2F&eventid=2633578&sessionid=1&key=4CE49CD9525E787617B5D6FA4C3C68AE&regTag=&sourcepage=register

Technicals

52-week high: $87.44

Company's 52-week low was at $28.47

Price action over last quarter: Up 16.55%

Company Description

First Solar designs and manufactures photovoltaic solar modules and develops, designs, and constructs utility-scale solar systems using the company's modules. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio.