First Solar (NASDAQ:FSLR) Issues Quarterly Earnings Results

First Solar (NASDAQ:FSLR) released its 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. First Solar had a net margin of 32.41% and a return on equity of 17.56%. 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 Price Performance

FSLR stock traded down $5.45 during midday trading on Tuesday, reaching $147.46. The company had a trading volume of 4,989,497 shares, compared to its average volume of 2,338,577. The firm has a 50-day moving average price of $175.36 and a 200-day moving average price of $199.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market capitalization of $15.79 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar has a 1 year low of $141.76 and a 1 year high of $306.77.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FSLR shares. Morgan Stanley reduced their price objective on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price target (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Barclays cut their target price on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Buy” and an average price target of $276.38.

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.