Energy Business

First Solar Lights The Sky (FSLR)

First_solar_logoFirst 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

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.