Also reporting after the close on July 30 was Arizona-based First Solar Inc. (NASDAQ: FSLR). Now these guys had a blowout quarter!
The company reported net income more than doubled in the second quarter, easily beating consensus Street estimates. In Q2, net income was $180.6 million, or $2.11 per share, compared with $69.7 million, or 85 cents per share, a year ago. The word on the Street was for earnings of just $1.65 per share.
Impressively, the company also beat top-line estimates, coming in with Q2 revenue of $525.9 million. Analysts had expected the company to come in with revenue of just $458.1 million.
As you might expect, First Solar shares had the virtual equivalent of a solar flare in after-hours trading following the blowout report, and that's enough for me to think this stock is going to shine going forward.
I like First Solar here, but not as much as I like the next two solar stalwarts.
Next: Solar stock #4
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