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Tempe, Arizona-based First Solar, Inc. (FSLR) is a leading global provider of photovoltaic (PV) solar energy solutions. The company, valued at a market cap of $14.5 billion, specializes in designing, manufacturing, and selling solar modules utilizing proprietary thin-film cadmium telluride semiconductor technology, offering a lower-carbon alternative to traditional crystalline silicon PV modules. FSLR is slated to announce its fiscal Q1 earnings results on Tuesday, Apr. 29.
Ahead of this event, analysts expect the solar company to report a profit of $2.47 per share, a 12.3% growth from $2.20 per share in the year-ago quarter. The company has exceeded Wall Street's earnings expectations in two of the past four quarters while missing on the other two occasions.