First Solar Earnings Reveiw FSLR

July 28, 2017

 

First Solar Stock Report JULY 28 2017 

 

After smashing Earnings predictions First solar surged to a peak of 14% in after hours but then corrected by the market open. 

 

With a second quarter net income of $52 million, or 50cents a share. When compared to YoY $11.4 million, 11 cents a share. 

 

Adjusted earnings were 50 cents a share. Compared to 11 cents a share a year ago. 

 

Estimates were also given a boost, from $2 a share to $2.50 with a estimated revenue of $3 billion to $3.1 billion. Analysts had forecasted a 57 cents a share on $2.9 billion. 

 

What does this all mean, basically First solar beat expectations of current profits and also the outlook for the future. 

 

What does this mean for us? 

I decided to do some profit taking on the market open, unfortunately due to a delay in the markets opening on eToro we closed our positions at 

 

$47.71, 20.52% 

$47.71, 18.76%

$47.71, 6.06%

$47.71, 12.41% 

 

All in all this added approximately .4% on to the equity of the total equity. Nothing to be sniffed at seeing as it consisted a very small amount of the total portfolio and one of the trades (12.41%) was opened for less than 24hrs. 

 

It is disappointing that I didn't manage to set trailing stop losses to maximize the profits as at the time there was a huge correction happening as many were profit taking, how ever i did manage to open another position so we still have some stake in First Solar. 

 

UPDATE as of 19:45 GMT (UTC) First Solar is having a rally and heading back up to the days high. 

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Disclaimer, None of the information contained with in this site is trading advice and should not be considered as trading advice! It is merely documenting my personal journey trading and outlines what actions I have taken, and what steps I will be taking. 

TRADING carries risk! only trade with money that you are willing to lose! 

Liverpool, UK

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