earnings
confidence high
sentiment positive
materiality 0.85
First Solar Q3 EPS $2.50, beats prior quarter; raises FY EPS midpoint to $7.60
FIRST SOLAR, INC.
2023-Q3 EPS reported
$4.49
revenue$2,160,049,000
- Net sales $801M (-$10M QoQ), diluted EPS $2.50 vs $1.59 in Q2 2023.
- Net cash balance $1.3B, down $0.2B on capex for expansions in Alabama, India, Ohio.
- YTD net bookings 27.8 GW; 6.8 GW since last call at avg $0.30/watt ex-India.
- Full-year net sales guidance $3.4B-$3.6B unchanged; EPS midpoint raised to $7.60.
- Expected sales backlog of 81.8 GW; manufacturing ramp and 45X tax benefits highlighted.