"First Solar Soars on Strong Q4 Earnings and Record Backlog, Brightening Renewable Sector Outlook"

First Solar's stock surged 6% after the company reported better-than-expected quarterly earnings and strong guidance, with revenue expected to reach $4.4 billion to $4.6 billion. The company attributes its success to strong demand in the United States, particularly in the utility sector, and a backlog of orders extending into the end of the decade. Despite industry challenges, such as oversupply and pricing volatility, First Solar remains optimistic. However, the solar industry as a whole has been struggling, with SolarEdge recently posting weaker revenue guidance due to a slowdown in residential demand and increasing inventories, while higher interest rates are impacting the renewable sector.