On July 31, First Solar rose 5.18% in after-hours trading, trading at approximately $215.79/share, with turnover of $30.36 million.

The movement was driven by the company's Q2 earnings release, which showed EPS of $3.92 significantly beating the analyst consensus estimate of $2.86 by 37%. Revenue came in at $1.056 billion, marginally below the $1.062 billion estimate. The EPS figure represents a 23.27% year-over-year increase from $3.18 in the prior-year quarter, marking the second consecutive quarter of substantial earnings outperformance.

The company maintained its full-year capital expenditure guidance at $800 million to $1 billion, in line with analyst expectations. Prior to the earnings release, the company had guided Q2 module shipments of 3.4 to 4.0 GW and adjusted EBITDA of $400 million to $500 million. Heading into the report, the stock carried a consensus overweight rating with a mean analyst price target of approximately $260, supported by recent target price increases from multiple institutions including Wells Fargo ($320), UBS ($330), and Barclays ($279).

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)