First Solar (FSLR) Shares Lose Steam Ahead of 2011 Guidance Call
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Price: $225.56 +0.84%
Financial Fact:
Research and development: 130.59M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Research and development: 130.59M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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First Solar (Nasdaq: FSLR) execs will host a conference call discussing the solar manufacturer's FY11 guidance at 4:30 pm ET today. The Street is currently looking for FY11 EPS of $8.60 on sales of $3.63 billion.
A Bloomberg article suggests that First Solar could offer a rather conservative outlook for next year given that the midpoint of the company's current FY10 outlook is nearly 20% above the initial FY10 outlook (now at $7.58, vs. initial FY10 guidance of $6.45 at the midpoint).
Traders will also be looking for an indication on next year's solar shipments, an important metric for any company related to the solar sector.
Shares of First Solar traded higher throughout much of today's session (up as much as 2.3%), however, have moved lower over the last hour. The stock is now trading around $137.09, up just 0.2% from yesterday's closing price.
A Bloomberg article suggests that First Solar could offer a rather conservative outlook for next year given that the midpoint of the company's current FY10 outlook is nearly 20% above the initial FY10 outlook (now at $7.58, vs. initial FY10 guidance of $6.45 at the midpoint).
Traders will also be looking for an indication on next year's solar shipments, an important metric for any company related to the solar sector.
Shares of First Solar traded higher throughout much of today's session (up as much as 2.3%), however, have moved lower over the last hour. The stock is now trading around $137.09, up just 0.2% from yesterday's closing price.
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