FY2025 EPS Estimates for First Solar Cut by Roth Capital

First Solar, Inc. (NASDAQ:FSLR) – Roth Capital cut their FY2025 earnings estimates for shares of First Solar in a research note issued on Friday, October 31st. Roth Capital analyst P. Shen now expects that the solar cell manufacturer will post earnings of $14.66 per share for the year, down from their previous forecast of $15.46. The consensus estimate for First Solar’s current full-year earnings is $13.05 per share. Roth Capital also issued estimates for First Solar’s FY2028 earnings at $30.14 EPS and FY2029 earnings at $31.54 EPS.

A number of other research firms have also recently weighed in on FSLR. Deutsche Bank Aktiengesellschaft upped their price target on First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of First Solar in a research note on Wednesday, October 8th. Wolfe Research upped their price objective on shares of First Solar from $232.00 to $247.00 in a research report on Friday. Wall Street Zen raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company lifted their price target on First Solar from $213.00 to $270.00 in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.23.

First Solar Trading Down 0.5%

FSLR stock opened at $265.70 on Monday. First Solar has a 52-week low of $116.56 and a 52-week high of $275.08. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The firm has a market cap of $28.50 billion, a P/E ratio of 22.73, a PEG ratio of 0.46 and a beta of 1.38. The company’s 50-day simple moving average is $220.53 and its 200-day simple moving average is $184.75.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.56 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business’s quarterly revenue was up 79.7% on a year-over-year basis. During the same period last year, the company posted $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS.

Hedge Funds Weigh In On First Solar

Institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in First Solar by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 30,499 shares of the solar cell manufacturer’s stock worth $6,726,000 after buying an additional 750 shares during the last quarter. Ruffer LLP acquired a new stake in shares of First Solar during the 3rd quarter worth about $34,634,000. Joule Financial LLC purchased a new stake in First Solar during the third quarter worth approximately $950,000. New York State Common Retirement Fund lifted its stake in First Solar by 1.2% during the third quarter. New York State Common Retirement Fund now owns 67,060 shares of the solar cell manufacturer’s stock worth $14,789,000 after purchasing an additional 800 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in First Solar by 24.5% in the third quarter. TD Waterhouse Canada Inc. now owns 18,049 shares of the solar cell manufacturer’s stock valued at $4,063,000 after purchasing an additional 3,556 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Transactions at First Solar

In other news, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark R. Widmar sold 2,321 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $199.44, for a total transaction of $462,900.24. Following the sale, the chief executive officer owned 81,861 shares in the company, valued at $16,326,357.84. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,715 shares of company stock worth $5,733,305 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

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.