By Patrick O’Grady | Phoenix Business Journal
First Solar took one day and a couple of announcements on Tuesday to get some of the solar industry’s swagger back.
The Tempe-based manufacturer (Nasdaq: FSLR) was riding high after dual announcements on its purchase of TetraSun that would let it move into a whole new solar market and about its guidance for 2013.
I tackled the TetraSun announcement yesterday.
The equally big news was the guidance, where First Solar is expecting revenues of between $3.8 billion and $4 billion for the year, and earnings in the $4 to $4.50 per share range.
That’s a nice bit higher than the $3.37 billion number it put on the board for 2012 in revenue, and continues a trend over the past few years that has seen the company growing revenue.
That was a nudge the market appeared to be looking for, as investors came back to solar, according to the folks over at Motley Fool.
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
