First Solar

First Solar Inc. gains 30% after better than expected Q4

First Solar Inc. was among major gainers in Today’s trade. The stock opened at $213 and touched a high of $223.5 during the trading session. The stock finally closed at $228.46 with a gain of 30.13% as the company posted better than expected quarterly results.

First Solar Inc. announced quarterly revenues of $200.8 million compared to $52.7 million for same quarter last year. The revenue in third quarter of fiscal 2007 stood at $159 million. Net income for Q407 stood at $45 million or 77 cents per share. For the year 2007, the company declared a net income of $158.4 million.