First Solar, Inc. (NASDAQ: FSLR) is showing that solar power and alternative energy is far from peaking. The solar electric power module maker posted earnings at $0.77 EPS on $200.8 million in revenues, while First Call had estimates at $0.53 EPS and $179.7 million in revenues. First Solar has gotten its cost per watt down 12% in 2007 to a rate of $1.12.
Unfortunately it did not offer guidance, so this pre-market jump could be different after the conference call starts at 8:00 AM EST. Shares closed at $175.56 yesterday, but shares are up over 14% pre-market to $200.00 in early trading.
Jon C. Ogg February 13, 2008
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