First Solar (FSLR) Misses Q4 EPS by 15c, Revs Miss

First Solar (NASDAQ: FSLR) reported Q4 EPS of $1.08, $0.15 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $609.23 million versus the consensus estimate of $720.48 million.

“Although 2020 was a very challenging year, I’m proud of the way our team responded,” said Mark Widmar, CEO of First Solar. “Despite continued intense competition across the crystalline PV supply chain, and unforeseen challenges related to the pandemic, we are pleased with our financial and operational results in 2020. The momentum that we cultivated in 2020 has continued in 2021 with year-to-date bookings of 1.9 GW.”

GUIDANCE:

First Solar sees FY2021 EPS of $4.05-$4.75, versus the consensus of $3.63. First Solar sees FY2021 revenue of $2.85-3 billion, versus the consensus of $3 billion.

For earnings history and earnings-related data on First Solar (FSLR) click here.

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