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Energy

First Solar Scores on Earnings, But No Guidance Yet (FSLR)

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

First_solar_logo_3THIS STORY HAS BEEN UPDATED AFTER THE COMPANY OFFERED GUIDANCE & SUPPLY PACT DATA.  THE FULL STORY CAN BE SEEN HERE: 

First Solar Saves The Solar Power Sector (FSLR, SPWRA, STP, LDK, CSIQ, SOLR, ESLR)

First Solar, Inc. (NASDAQ: FSLR) posted earnings of $1.20 per share on$348.69 million in revenue.  First Call had estimates for this quarterof $1.01 per share and $339.29 million in revenue.

If the company offers guidance in its conference call, its nextquarter’s estimates are $1.23 EPS and $409.27 million in revenue,and Fiscal DEC-2009 estimates are $6.71 EPS and $2.13 billion inrevenue. 

If the company’s targets are met for 2008 at $3.68 EPS and $1.21billion in revenue, First Solar will trade at 32.7-times earnings and8.1-times revenues.  So this is still trading at much higher multiplesthan many growth stocks, but it is no longer at levels which cannot besustained.

Shares closed up almost 1.5% at $115.75 and shares are floating up anddown between positive and negative right after the earnings.

Jon C. Ogg
October 29, 2008

Contact [email protected] for any questions or corrections.

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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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