First Solar (NASDAQ:FSLR) shares jumped more than 7% after-hours following the company’s reported Q2 results, with EPS of $1.59 coming in better than the consensus estimate of $1.00. Revenue was $811 million, beating the consensus estimate of $722.21M.
For the full 2023 year, the company expects EPS in the range of $7.00-$8.00, compared to the consensus of $7.22, and revenue of $3.4 billion-$3.6 billion, compared to the consensus of $3.48B.
Earlier today the company announced it will invest up to $1.1B in building a new, fully vertically integrated, manufacturing facility in the U.S., its fifth in the country.