First Solar Reports Strong Q2 Results: EPS Beat, Sales Up 24%
Portfolio Pulse from Erica Kollmann
First Solar, Inc. (NASDAQ:FSLR) reported strong Q2 results with sales up 24.59% year-over-year and EPS beating estimates by 19.49%. The company reiterated its fiscal year guidance and highlighted its balanced approach to growth, profitability, and liquidity.
July 30, 2024 | 8:26 pm
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First Solar reported strong Q2 results with a 24.59% increase in sales and EPS beating estimates by 19.49%. The company reiterated its fiscal year guidance and highlighted its balanced approach to growth, profitability, and liquidity.
The strong Q2 results, including a significant increase in sales and EPS beating estimates, are likely to positively impact First Solar's stock price in the short term. The company's reiteration of its fiscal year guidance further supports investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100