First Solar Posts Q2 Beat, Announces $1.1B Factory Investment Plan
<p><a href='https://financialmodelingprep.com/financial-summary/FSLR'>First Solar (NASDAQ:FSLR)</a> reported its Q2 results, which surpassed analyst expectations. The company's EPS for the quarter came in at $1.59, significantly exceeding the Street estimate of $1.00. Additionally, First Solar's revenue reached $811 million, which also beat the Street estimate of $722.21 million.</p>
<p>Looking ahead to the full year 2023, First Solar anticipates EPS within the range of $7.00 to $8.00, compared to the Street estimate of $7.22. The company's revenue forecast of $3.4 billion to $3.6 billion is in line with market expectations, which were set at $3.48 billion.</p>
<p>In addition to strong financial performance, First Solar announced its plan to invest up to $1.1 billion in establishing a new, fully vertically integrated manufacturing facility in the United States. This facility will be the company's fifth in the country.</p>

NASDAQ:FSLR