First Solar Lights The Sky (FSLR)

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First Solar, Inc. (Nasdaq: FSLR) is soaring after the close.  The company just announced its quarterly earnings of $0.85 EPS on $267 million in revenues.  First Call has estimates pegged at $0.58 EPS on $216.9 Million in revenues.  This was not supposed to be their most important quarter either.

Lazard’s Sanjay Shrestha hit the nail on the head with his hugelypositive call yesterday, and you can see what he’s expecting aheadsince he was considering the second half more important than the firsthalf of 2008.

The company did not offer any outlook or guidance, so we’ll have to getthat off the conference call at after 4:30 EST.  If you wonder how WallStreet is gaging this without guidance, so far it is up huge.  Sharesclosed up almost 3% at $285 in normal trading, but shares are up around$309.00 in the immediate after-hours trading reaction.

Jon C. Ogg
July 30, 2008

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