First Solar (NASDAQ:FSLR) Posts Earnings Results

First Solar (NASDAQ:FSLR) announced its earnings results on Tuesday. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($1.16), Zacks reports. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. First Solar updated its FY 2025 guidance to 17.000-20.000 EPS and its FY 2025 guidance to 17.000-20.000 EPS.

First Solar Stock Performance

FSLR traded down $5.27 during trading on Thursday, hitting $151.57. The company’s stock had a trading volume of 685,911 shares, compared to its average volume of 2,422,032. First Solar has a one year low of $145.77 and a one year high of $306.77. The business’s 50 day simple moving average is $174.00 and its 200-day simple moving average is $199.08. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a market cap of $16.23 billion, a PE ratio of 13.05, a P/E/G ratio of 0.19 and a beta of 1.47.

Analyst Upgrades and Downgrades

FSLR has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Bank of America decreased their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. The Goldman Sachs Group dropped their price objective on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their target price on shares of First Solar from $280.00 to $251.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Barclays dropped their price target on First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.92.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.