First Solar Stock News

First Solar, Inc.  (NASDAQ:FSLR ) entered the earnings confessional after yesterday's close to report fourth-quarter earnings of $1.23 per share -- much better than the $1.06 per share analysts expe

SB Energy places 1500MW order with First Solar

Wednesday morning brought another Wall Street attempt to regain some equilibrium.

The company's profits topped estimates, but guidance disappointed.

FSLR earnings call for the period ending December 31, 2021.

The solar-panel manufacturer has faced rising raw material costs and supply chain bottlenecks.

First Solar, Inc. (FSLR) CEO Mark Widmar on Q4 2021 Results - Earnings Call Transcript

Shares of First Solar Inc. fell more than 11% in the extended session Tuesday after the solar-panel maker reported a mixed quarter, with sales falling short of Wall Street expectations, and 2022 sales guidance was lower than estimates. First Solar said it earned $131 million, or $1.23 a share, in the fourth quarter, compared with $45 million, or 42 cents a share, in the year-ago quarter. Sales rose to $907 million from $584 million a year ago. Analysts polled by FactSet expected the company to report adjusted profit of $1.06 a share on sales of $918 million. The industry faced "supply chain, logistics, cost, and pandemic-related challenges," Chief Executive Mark Widmar said in a statement, and continues to navigate near-term headwinds. The year is "pivotal" and will revolve around "continued significant investment in R&D, new products, manufacturing expansion, and employing new contracting strategies," he said. First Solar guided for 2022 net sales between $2.4 billion and $2.6 billion, and 2022 EPS between breakeven and 60 cents a share.

First Solar stock plunged as the solar products company reported quarterly results that fell short on revenue, as did the outlook for 2022.

First Solar press release (FSLR): Q4 GAAP EPS of $1.23 beats by $0.15.Revenue of $907.3M (+48.9% Y/Y) misses by $17.68M.Shares -16%.2022 net sales guidance of $2.4 billion…

TEMPE, Ariz., March 01, 2022 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the fourth quarter and year ended December 31, 2021. Net sales for the fourth quarter were $0.9 billion, an increase of $0.3 billion from the prior quarter. The increase was primarily a result of international project sales and increased module sales in the fourth quarter.

First Solar (FSLR) delivered earnings and revenue surprises of 14.95% and 0.83%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

The solar-panel manufacturer has faced rising raw material costs and supply chain bottlenecks.