Tuesday, October 29, 2024

Earnings: "First Solar Stumbles in Third Quarter, Lowers Outlook" (FSLR)

Long time readers may have noted we did not threaten to bring the Go-Gos out of retirement for a round of our FSLR theme song "We got the Beat." We didn't have any insight as to how the quarter would stack up against expectations and have found in these situations it is better for all concerned if we just shut up. So, our lips are sealed.

From Barron's, October 29:

First Solar also lowered its full-year guidance to adjusted earnings of $13.00 to $13.50 a share, from $13 to $14 previously.

....MORE

And more after the conference call though probably not 'til tomorrow.

The stock is down $8.67 (-4.34%) at $191.00 and any after-hours buying enthusiasm is getting smacked down. Here's the press release:

https://investor.firstsolar.com/news/news-details/2024/First-Solar-Inc.-Announces-Third-Quarter-2024-Financial-Results/

And some numbers in tabular form. (1 page PDF)