FSLR US reported strong Q2 results overnight, all above expectations and reaffirmed full-year guidance, though on the Conference Call, the CEO Mark Widmar did say that election uncertainty was impacting sales, which will likely take some sheen off a great set of numbers.
The solar technology manufacturing produced revenue of $1bn for the quarter, up from $811m a year earlier and well ahead of consensus of $940m. Earnings per share (EPS) $3.25 compared with $2.71 expected, while they reconfirmed full-year guidance of $13 to $14 a share, from sales of $4.4-4.6bn
- FSLR’s quarterly result was very good. Our only concern would be comments on the call. However, it seems that FY guidance is being maintained (not increased) despite a very strong Q2 taking into consideration this uncertainty.
MM remains long & bullish FSLR US
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