First Solar: Q4 Earnings Insights
Shares of First Solar (NASDAQ:FSLR) fell in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share decreased 46.53% year over year to $1.08, which missed the estimate of $1.23.
Revenue of $609,232,000 decreased by 56.45% from the same period last year, which missed the estimate of $720,480,000.
Looking Ahead
First Solar Sees FY21 EPS $4.05-$4.75 Vs. $3.63 Est., Sales $2.85B-$3.0B Vs. $3.0B Est.
Conference Call Details
Date: Feb 25, 2021
Time: 04:30 PM
Recent Stock Performance
Company's 52-week high was at $112.50
Company's 52-week low was at $28.47
Price action over last quarter: down 14.37%
Company Description
First Solar designs and manufactures photovoltaic solar modules and develops, designs, and constructs utility-scale solar systems using the company's modules. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio.
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