First Solar (FSLR) Blows Out Estimates, Surges After Hours

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10:24:29 pm on July 30, 2008

First Solar (FSLR) blew away lofty estimates after the bell today and the stock surged nearly 10% after hours.  ClusterStock has a great live analysis of the earnings.

EPS came in at .85 vs the estimate of .58 while revenue was equally impressive at 267 million vs estimates that called for 217 million.  Gross margins also surged to more than 54%.

I fully anticipate a breakout move in the stock tomorrow, potentially closing in on all time highs.  FSLR continues to be the leader in the solar space.

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