We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. First Solar, Inc. (NASDAQ:FSLR) is one of the best-performing stocks on Friday.
First Solar soared to a new all-time high on Friday after posting an impressive earnings performance and raising its growth outlook for full-year 2025.
During the trading session, the stock climbed to its highest 52-week price of $269.67 before paring gains to end the day just up by 14.28 percent at $267.99 apiece.
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In an updated report, First Solar, Inc. (NASDAQ:FSLR) said net income in the third quarter jumped by 45.7 percent to $455.9 million from $312.9 million in the same period last year, as net sales increased by 79.6 percent to $1.59 billion from $888 million year-on-year, primarily driven by higher volume of modules sold to third parties.
First Solar, Inc. (NASDAQ:FSLR) CEO Mark Widmar said that despite trade and policy developments posing a challenge to the solar industry, the company differentiated itself through offering pricing and delivery certainties, enabling it to respond effectively to evolving demand drivers and reinforce its leadership.
Following the results, First Solar, Inc. (NASDAQ:FSLR) raised its outlook for net sales to a range of $4.95 billion to $5.20 billion from $4.90 billion to $5.70 billion previously.
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Disclosure: None. This article is originally published at Insider Monkey.
