First Solar profit surges

The company provided earnings per share (EPS) guidance of $3.30-3.60 for the period, compared to the Thomson Reuters consensus estimate of $2.27, MarketBeat reports.

AmSurg Corp. (AMSG) reported second quarter non-GAAP EPS of $0.97 after the closing bell Tuesday, compared to the consensus estimate of $0.84.

Shares of First Solar (FSLR – Get Report) were gaining 6.1% to $47.23 after-hours Tuesday after the solar module maker beat analysts’ estimates for earnings in the second quarter. With the volume soaring to 3,715,277 shares, the last trade was called at $24.75. The stock has a 50-day moving average of $46.65 and a 200-day moving average of $52.69. The stock has a market capitalization of $4.40 billion and a PE ratio of 19.82. On September 12, 2014 The shares registered one year high of $73.78 and one year low was seen on January 20, 2015 at $39.18.

As many as 13 brokerage firms have rated First Solar (NASDAQ:FSLR) at 2.31. First Solar said that net sales came to $896 million, which looks well above the $751.7 million expected by Thomson Reuters.

The company shares have dropped 29.84% in the past 52 Weeks.

First Solar received a new record module record this quarter with 18.6 percent aperture area conversion efficiency.

In its quarterly report, the Global Positioning System manufacturer said it earned $0.28 per share, above the $0.27 per share analysts were expecting.

Both facilities sold will be operated and maintained by First Solar. Research Analysts at Zacks have ranked the company at 5, suggesting the traders with a rating of strong sell for the short term. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of First Solar in a research report on Tuesday. First Solar now has an average rating of Hold and an average target price of $60.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Georges Antoun sold 9,497 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was purchased at an average cost of $55.30 per share, for a total transaction of $221,200.00. The disclosure for this sale can be found here.

First Solar, Inc.is a global supplier of solar energy alternatives. It operates its business in two segments: components segment and systems segment. Its systems business involves the sale of its solar modules coupled with the engineering, procurement and construction of the solar PV power plant.