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

First Solar (NASDAQ:FSLR) posted its quarterly earnings data on Tuesday. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16), Zacks reports. 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 3.6 %

FSLR traded down $5.45 during mid-day trading on Tuesday, hitting $147.46. 4,684,838 shares of the stock were exchanged, compared to its average volume of 2,313,416. The company has a market cap of $15.79 billion, a PE ratio of 12.70, a PEG 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. 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’s fifty day moving average is $175.36 and its two-hundred day moving average is $199.83.

Analyst Ratings Changes

FSLR has been the subject of several research reports. Bank of America dropped their price target on First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 target price (down from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, October 29th. Barclays decreased their target price on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.