First Solar, a leading solar panel manufacturer, saw its stock soar 5.11% in pre-market trading on Wednesday. This surge came after the company reported impressive financial results for 2024 and provided an optimistic outlook for 2025.
The company's strong performance can be attributed to several factors highlighted in its latest earnings report:
Looking ahead, First Solar provided an encouraging guidance for 2025, projecting net sales between $5.3 billion and $5.8 billion and earnings per diluted share in the range of $17 to $20. Additionally, the company expects to produce between 18 and 19 gigawatts of solar modules in 2025, further solidifying its position as a leading player in the renewable energy industry.
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