- First Solar’s strong third-quarter earnings sent its stock price as high as 13% in pre-market trading on Wednesday.
- The solar-panel maker posted a rise of nearly 70% in sales during the quarter, allowing it to reinstate full-year guidance that it previously withdrew because of uncertainty related to the severity and duration of the COVID-19 pandemic.
- For 2020, the company said it expects to earn between $2.6 billion to $2.9 billion, as its productive capacity has been averaging over 100% at all of its factories.
- First Solar shares have gained about 54% this year.
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First Solar shares surged as much as 13% in pre-market trading on Wednesday after posting a massive jump in third-quarter sales.
The solar-panel manufacturer said its sales rose 70% year-on-year in the quarter, and brought back its full-year guidance that was previously withdrawn to account