First Solar (FSLR) Earnings

First Solar, Inc. (Public, NASDAQ:FSLR) closed today with a -21,8% drop, after reporting it's earnings, beating expectations, but there is fear that the following months wont be easy.

Expected $1.30 was beat by the $1.61 per share in the fourth quarter, up from 77 cents per share a year earlier.

Fourth-quarter sales increased to $433.7 million, far better than the expected $410.4 million. Yearly sales totaled $348.3 million, with earnings checking in at $4.24 per share.

The technicals in the chart look more ugly now:


Let's see if the stock find some support around the $100 figure.

Labels: Earnings, First Solar Inc, FSLR, solarstocks

posted by Ertai at 4:08 PM