First Solar (NASDAQ:FSLR) Updates FY 2025 Earnings Guidance

First Solar (NASDAQ:FSLR) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 17.000-20.000 for the period, compared to the consensus earnings per share estimate of 20.700. The company issued revenue guidance of $5.3 billion-$5.8 billion, compared to the consensus revenue estimate of $5.5 billion. First Solar also updated its FY 2025 guidance to 17.000-20.000 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on First Solar from $280.00 to $251.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price target (down from $260.00) on shares of First Solar in a report on Wednesday. Guggenheim dropped their price target on First Solar from $335.00 to $304.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler dropped their price target on First Solar from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.63.

First Solar Trading Down 10.0 %

Shares of NASDAQ:FSLR traded down $15.65 during midday trading on Thursday, hitting $141.19. The company had a trading volume of 3,762,490 shares, compared to its average volume of 2,499,119. First Solar has a 12 month low of $141.30 and a 12 month high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.19 and a beta of 1.47. The firm has a fifty day simple moving average of $174.00 and a 200 day simple moving average of $199.08.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. On average, analysts predict that First Solar will post 13.05 EPS for the current year.

About First Solar

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.