First Solar (NASDAQ:FSLR) Announces Earnings Results

First Solar (NASDAQ:FSLR - Get Free Report) released its quarterly earnings results on Tuesday. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($1.16), Zacks reports. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 Stock Performance

Shares of NASDAQ:FSLR traded down $5.00 during trading on Friday, reaching $136.18. 5,775,753 shares of the stock were exchanged, compared to its average volume of 2,608,842. First Solar has a 12 month low of $133.90 and a 12 month high of $306.77. The firm has a market cap of $14.58 billion, a PE ratio of 11.73, a PEG ratio of 0.19 and a beta of 1.47. The stock has a 50-day moving average price of $172.38 and a 200-day moving average price of $197.88. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price objective on First Solar from $282.00 to $268.00 and set an "overweight" rating for the company in a report on Wednesday. StockNews.com upgraded First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Barclays decreased their price target on First Solar from $273.00 to $236.00 and set an "overweight" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, First Solar presently has an average rating of "Moderate Buy" and an average target price of $262.08.

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.