Bloomberg News

First Solar Climbs After Forecasting Higher Earnings for 2015

March 19, 2014

First Solar Inc. (FSLR:US), the largest U.S. solar manufacturer, climbed the most in more than four months after saying profit will increase to $4.50 to $6 a share in 2015.

First Solar rose 11 percent to $63.62 at 10:20 a.m. in New York, the biggest intraday gain since Nov. 1. Profit this year will be in the range of $2.20 to $2.60 a share, the Tempe, Arizona-based company said today in a presentation for an analyst event in New York.

The company posted net income (FSLR:US) of $353 million in 2013, or $3.70 a share.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Carlos Caminada


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Companies Mentioned

  • FSLR
    (First Solar Inc)
    • $43.67 USD
    • -0.39
    • -0.89%
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