First Solar soundly beat first-quarter estimates late Tuesday and raised guidance, making what its CEO called “significant progress” toward targets set at its March 19 analyst day, when the stock rocketed 21%. The largest solar energy company by market cap, manufacturer First Solar (FSLR) rose nearly 3% after hours Tuesday. It fell 1% to 67.45 in the regular session. Net sales grew 26% to $950 million, trouncing expectations for
Solar stocks, like many high-flying growth names, have had a rough time in recent weeks. The Energy-Solar group was ranked No. 2 out of IBD’s 197 industries just five weeks ago, but has fallen to 81. But First Solar (FSLR) has been one of the sunnier solar plays of late, with shares holding near multi-year highs. Its Tuesday night results kick off a trio of high-profile alternative-energy earnings reports this week. First Solar has had up-and-down
As First Solar (FSLR) got its analyst day under way Wednesday with new guidance and goals, the solar manufacturer’s stock vaulted 14% to 65, near a 29-month high. Meanwhile, SolarCity (SCTY) stock was down 4% in midday trading in the stock market today as investors digested Tuesday’s mixed fourth-quarter report from the company, the largest in IBD’s No. 2-ranked Energy-Solar industry group. First Solar is second in size, and both firms had issued