First Solar Keeps Beating Expectations
First Solar Inc (NASDAQ: FSLR) is already the biggest beneficiary of the threat of solar tariffs on imports coming into the U.S. and the windfall continued to come in third-quarter earnings results. Revenue of $1.09 billion and net income of $209.7 million, or $1.95 per share, was enough to crush analyst estimates and cause another outlook increase.
Utilities and project developers are concerned they'll have to buy solar panels subject to import tariffs in 2018 and 2019, so they're turning to First Solar, whose thin-film panels (likely) won't be subject to tariffs. That's led to tremendous demand and given First Solar the incentive to increase production in both 2017 and 2018. Here are the key takeaways from the quarter.
Image source: First Solar.
Source: Fool.com
First Solar Inc. Stock
With 74 Buy predictions and not a single Sell prediction First Solar Inc. is an absolute favorite of our community.
With a target price of 250 € there is a positive potential of 31.29% for First Solar Inc. compared to the current price of 190.42 €.
