First Solar (FSLR) Projected to Post Quarterly Earnings on Tuesday

First Solar (NASDAQ:FSLR - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $2.70 per share and revenue of $863.11 million for the quarter. First Solar has set its FY 2025 guidance at 17.000-20.000 EPS and its FY 2025 guidance at 17.000-20.000 EPS.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. On average, analysts expect First Solar to post $13 EPS for the current fiscal year and $20 EPS for the next fiscal year.

First Solar Price Performance

First Solar stock traded up $5.42 during midday trading on Friday, reaching $141.86. 2,698,287 shares of the stock were exchanged, compared to its average volume of 2,777,381. First Solar has a 52 week low of $116.56 and a 52 week 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. The firm has a market cap of $15.19 billion, a PE ratio of 12.22, a PEG ratio of 0.19 and a beta of 1.48. The company's fifty day moving average is $133.46 and its 200-day moving average is $169.09.

Analyst Ratings Changes

FSLR has been the topic of a number of recent analyst reports. Citigroup lowered their price objective on First Solar from $254.00 to $236.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird dropped their price target on First Solar from $267.00 to $240.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Truist Financial reissued a "buy" rating and set a $245.00 price objective (down previously from $285.00) on shares of First Solar in a report on Wednesday, April 2nd. Morgan Stanley set a $223.00 target price on shares of First Solar and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of First Solar from $240.00 to $209.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $249.96.

Insider Activity at First Solar

In related news, insider Kuntal Kumar Verma sold 7,475 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the sale, the insider now directly owns 3,549 shares of the company's stock, valued at approximately $484,793.40. This represents a 67.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander R. Bradley sold 599 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $80,116.25. Following the completion of the transaction, the chief financial officer now directly owns 45,717 shares in the company, valued at $6,114,648.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,311 shares of company stock worth $4,767,158 over the last 90 days. 0.48% of the stock is owned by company insiders.

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.