Sometimes you get lucky.
In early afterhours trade the stock is up $5.00 (11.2%) at $49.50.
From The Street:
Shares of First Solar (FSLR - Get Report) were gaining 6.1% to $47.23 after-hours Tuesday after the solar module maker beat analysts' estimates for earnings in the second quarter.
First Solar reported earnings of 93 cents a share for the second quarter, easily beating the 36 cents a share analysts expected for the quarter. Revenue grew 64.6% year over year to $896.22 million for the quarter, above analysts' estimates of $751.72 million.
The company said its high net income was due to higher systems project revenue compared to the second quarter of 2014, project cost improvements, and a discrete tax benefit of about $42 million in the quarter.
"We achieved significant financial and technological milestones this past quarter with the IPO of 8point3 Energy Partners (CAFD) and a new record module conversion efficiency of 18.6%," CEO Jim Hughes said in a statement. "In combination with year-to-date bookings of 1.4GW and full year earnings guidance of over three dollars per share, we continue to execute across all elements of our business."...MORE
