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

First Solar (NASDAQ:FSLR - Get Free Report) issued its earnings results 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 business had revenue of $1.51 billion for 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%. 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 3.5 %

FSLR traded down $5.00 during midday trading on Friday, hitting $136.18. The company's stock had a trading volume of 5,775,753 shares, compared to its average volume of 2,608,842. 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 firm has a market cap of $14.58 billion, a P/E ratio of 11.73, a PEG ratio of 0.19 and a beta of 1.47. The firm has a 50-day moving average price of $172.38 and a two-hundred day moving average price of $198.11. First Solar has a 52-week low of $133.90 and a 52-week high of $306.77.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSLR. Roth Mkm reiterated a "buy" rating and issued a $280.00 price target on shares of First Solar in a report on Wednesday. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Barclays dropped their target price on shares of First Solar from $273.00 to $236.00 and set an "overweight" rating for the company in a report on Friday. Robert W. Baird dropped their price objective on First Solar from $307.00 to $267.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft set a $265.00 price objective on First Solar in a research note on Thursday. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.