First Solar’s (NASDAQ:FSLR) shares saw an uplift of 8% intra-day today after announcing Q4 earnings that exceeded analysts’ forecasts. The solar energy company reported earnings of $3.25 per share for the quarter, surpassing the $3.15 consensus estimate. However, its revenue of $1.16 billion fell below the expected $1.31 billion.
For the full year of 2024, First Solar anticipates earnings per share to be in the range of $13.00 to $14.00, compared to the Wall Street consensus of $13.33. The company’s revenue forecast for 2024 is between $4.4 billion and $4.6 billion, compared to the Street forecast of $4.56 billion.