First Solar (FSLR) Smashes Estimates, Doubles Revenues Again

First Solar (FSLR) continues to show why it is the best of breed of solar company, posting another quarter of remarkable growth while its competitors whither in tough conditions.  The company smashed EPS estimates of $1.53/share as well as the whisper number of $1.70/share with a Q1 EPS of $1.99/share which is a whopping 249% increase over the year ago quarter.  Revenues, while less than last quarter, were doubled again over the year ago quarter at $418.2 million (analysts predicted $403 million). 

FSLR is trading up more than 10% in after hours trading and will likely clear that important resistance of the 200 day moving average tomorrow.  I’m so impressed with the numbers out of FSLR that I did something I rarely do.. purchase in after hours.  I’ll have some conference call highlights a bit later.

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