First Solar Sees Strong Growth From Data Center Demand But Faces Policy Uncertainties: Analysts Opine On Q2 Performance
FSLRFirst Solar(FSLR) Benzinga·2024-08-01 02:25

Goldman Sachs analyst Brian Lee reiterated a Buy rating on First Solar, Inc FSLR with a price target of 311,upfrom311, up from 302.First Solar reported fiscal 2024 second-quarter revenue of 1billion,aboveGoldmanSachsestimateandFactSetconsensusof1 billion, above Goldman Sachs estimate and FactSet consensus of 969 million and $940 million, supported by ~3.4GW of shipments (vs. Goldman Sachs estimate of 3.4GW).The consolidated gross margin of 49.4% came in well above Goldman Sachs’s estimate of 42.7%. The improvement in gross margins drove the large EPS beat as FSLR rep ...