First Solar (NASDAQ:FSLR) Announces Quarterly Earnings Results

First Solar (NASDAQ:FSLR) issued its quarterly earnings results on Tuesday. The solar cell manufacturer reported $3.65 EPS 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 Stock Down 3.6 %

FSLR stock traded down $5.45 on Tuesday, reaching $147.46. 4,989,497 shares of the company traded hands, compared to its average volume of 2,338,577. 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 firm has a fifty day simple moving average of $175.36 and a 200-day simple moving average of $199.83. First Solar has a one year low of $141.76 and a one year high of $306.77. The company has a market cap of $15.79 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSLR. Morgan Stanley decreased their target price on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada decreased their price target 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. Finally, BMO Capital Markets reissued an “outperform” rating and set a $260.00 price objective (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, First Solar has an average rating of “Buy” and an average price target of $276.38.

First Solar Company Profile

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.