First Solar (NASDAQ:FSLR) Releases Earnings Results, Misses Estimates By $1.16 EPS

First Solar (NASDAQ:FSLR) released its quarterly earnings data on Tuesday. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16), Zacks reports. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. 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 Trading Down 3.4 %

FSLR stock traded down $5.27 on Thursday, reaching $151.57. The company’s stock had a trading volume of 685,911 shares, compared to its average volume of 2,422,032. The firm has a market cap of $16.23 billion, a PE ratio of 13.05, a PEG ratio of 0.19 and a beta of 1.47. The business has a fifty day simple moving average of $174.00 and a two-hundred day simple moving average of $199.08. First Solar has a 12-month low of $145.77 and a 12-month high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price objective on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price objective (down from $260.00) on shares of First Solar in a report on Wednesday. The Goldman Sachs Group dropped their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.92.

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.