First Solar Stock Charges Higher Following Q2 Earnings Beat

First Solar Inc (NASDAQ:FSLR) shares are rising in Thursday’s after-hours session after the company reported better-than-expected financial results for the second quarter and raised its full-year guidance.

What Happened: First Solar reported second-quarter revenue of $1.10 billion, beating estimates of $1.02 billion, according to Benzinga Pro. Total revenue was up $300 million from the prior quarter, primarily due to an increase in the volume of modules sold to third parties.

The company reported second-quarter earnings of $3.18 per share, beating analyst estimates of $2.60 per share.

First Solar ...