The solar industry has certainly had its ups and downs over the years, to say the least. This week, at least for veteran sector mainstay First Solar (NASDAQ: FSLR) , was one of the bullish periods.
First Solar's stock price soared almost 30% higher over the course of the week, according to data compiled by S&P Global Market Intelligence , thanks to the very encouraging fourth-quarter and full-year results it published on Tuesday.
The quarter saw First Solar book slightly over $1 billion in net sales, which was 10% higher on a year-over-year basis. Net loss narrowed considerably; in fourth quarter 2022 that line item was a bit over $7.5 million, or $0.07 per share. The year-ago deficit was over $49 million.
For further details see:
Why First Solar Stock Was a Ray of Sunshine This Week