Tomahawk, WI 2/26/2014 (Basicsmedia)  The stock of First Solar, Inc. (NASDAQ:FSLR) has seen very volatile movements, and the drops are also large. So then, what next for this ticker, or better yet, what should traders know going forward? To get to the bottom of this, click on the link bellow.

First Solar, Inc. (NASDAQ:FSLR) reported profit slump in the latest quarter that was almost 60 percent below what was achieved in the same quarter a year ago. The source of the company’s trouble is the decline in the big solar projects that it used to book in the past.

However, it would be easy for the company to bounce back with massive profits if expansion to markets outside North America becomes successful. Solar panel manufacturers are also facing inviting opportunities in emerging markets and this simply means that despite the drop in profits that used to guarantee fat dollars, all is not lost for First Solar, Inc. (NASDAQ:FSLR) and its solar peers.

Fourth quarter results

First Solar, Inc. (NASDAQ:FSLR) attained net income of $65.3 million, reflecting 64 cents per share. That was significantly lower since in the corresponding quarter a year ago, net income was $154.2 million, reflecting per share profit of $1.74. Excluding the costs related to plant writedown in Vietnam, the company ended up with earnings that trailed analysts’ estimate by 14 cents.

Sales in the most recent quarter were down 29 percent to $768.4 million. By contrast, 2012 fourth quarter sales came in at $1.08 billion. That was mainly due to the Topaz project that involved development of a 550-megawatt solar facility. In fact, even the third quarter of 2012 was much better as it was boosted by another 550-megawatt solar facility project for Desert Sunlight.

Investor Takeaway

First Solar, Inc. (NASDAQ:FSLR) is experiencing revenue decline because the big projects are getting out of the way, more so in the U.S. However, as mentioned earlier, all is not lost for this solar power giant because demand for clean solar energy still exists in many markets.

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