Solar Stocks Rally on Optimistic Guidance  ...Middle East

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Solar Stocks Rally on Optimistic Guidance 
source : OILPRICE ( Middle East ) () 68
The solar sector has snapped from a months-long selloff after the largest U.S. solar module manufacturer, First Solar Inc. (NASDAQ:FSLR), beat Wall Street’s earnings estimate and also issued robust 2024 guidance. First Solar reported Q4 2023 GAAP EPS of $3.25, $0.13 above the Wall Street consensus while revenue of $1.16B was good for a healthy 16.0% Y/Y growth despite missing the consensus by $160M. Fourth-quarter earnings swung to a profit of $349M from a loss of $7.5M in the year-earlier quarter. First Solar finished…

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