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Energy

First Solar Rides Cosmic Rays (FSLR)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

First Solar (NASDAQ:FSLR) is trading so well after-earnings that it might be thought of as "First Stellar."  The solar company posted net income of $46.0 million, or $0.58 EPS after a $0.09 tax benefit.  FirstCall had estimates at $0.19 EPS and revenues at $120 million. 

The company said that it successfully completed the ramp of a German production facility well ahead of schedule.  That afforded highly leveraged growth during the quarter and gave customers additional production volumes in a "continued robust demand environment."

Unfortunately no guidance was offered.  Without guidance we will hold off any formal ruling, although with an outperformance of this sort it is hard to imagine the numbers were all caught up by analysts.

Shares closed down 1% at $167.12 today, but shares are up 14% at $190.00 in after-hours trading.

Jon C. Ogg
November 7, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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