First Solar Stock Is Heating Up Today: What's Going On?
Portfolio Pulse from Adam Eckert
First Solar Inc's shares are trading higher following its Q3 results. The company reported Q3 revenue of $801 million, lower than estimates of $894.12 million, and EPS of $2.50, up from $1.59 in Q2. Sales were down $10 million from the prior quarter due to a reduction in the volume of modules sold. The company ended the quarter with $1.3 billion in cash and equivalents, down from $1.5 billion at the end of the prior quarter. First Solar expects full-year 2023 revenue to be between $3.4 billion and $3.6 billion, and full-year earnings to be between $7.20 and $8 per share.

November 01, 2023 | 12:58 pm
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POSITIVE IMPACT
First Solar's shares are trading higher following its Q3 results. Despite lower than expected revenue, the company's EPS increased and it has a positive outlook for 2023.
First Solar's shares are trading higher due to its Q3 results. Despite lower than expected revenue, the company's EPS increased, indicating improved profitability. Additionally, the company's positive outlook for 2023 suggests confidence in its future performance, which is likely to be positively received by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100