First Solar Beats On Q2 Earnings, Announces $1.1B Investment In US Manufacturing Facility
Portfolio Pulse from Ryan Gustafson
First Solar, Inc. (NASDAQ:FSLR) reported Q2 earnings of $1.59 per share, beating the analyst consensus estimate of $0.96. The company also reported quarterly sales of $811.00 million, surpassing the analyst consensus estimate of $720.55 million. In addition, First Solar announced a $1.1 billion investment in a new US manufacturing facility.
July 27, 2023 | 8:41 pm
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POSITIVE IMPACT
First Solar's Q2 earnings beat and the announcement of a $1.1 billion investment in a new US manufacturing facility could positively impact the company's stock.
First Solar's Q2 earnings beat and the announcement of a $1.1 billion investment in a new US manufacturing facility indicates strong financial performance and commitment to growth, which could boost investor confidence and drive the stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100