Why First Solar Jumped More Than 13% Today

Why First Solar Jumped More Than 13% Today

Shares of solar energy company First Solar (NASDAQ: FSLR) rose almost 20% early today, after it reported quarterly earnings late yesterday. The maker of solar panels reported sales that surged compared to both the year-ago period and sequentially from its second quarter. Sales of $928 million soared 70% versus the 2019 third quarter and were 44% above second-quarter revenue of $642 million.