First Solar reports Q2 beat, plans a new factory in the U.S., shares surge 7%

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For the full 2023 year, the company expects EPS in the range of $7.00-$8.00, compared to the consensus of $7.22, and revenue of $3.4-3.6 billion, compared to the consensus of $3.48B.

Earlier today the company announced it will invest up to $1.1B in building a new, fully vertically integrated, manufacturing facility in the U.S., its fifth in the country.

By Davit Kirakosyan