First Solar, Inc. (NASDAQ:FSLR) to Post Q1 2025 Earnings of $3.48 Per Share, Zacks Research Forecasts

First Solar, Inc. (NASDAQ:FSLR) – Stock analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of First Solar in a research note issued on Thursday, June 13th. Zacks Research analyst A. Dutta now anticipates that the solar cell manufacturer will earn $3.48 per share for the quarter, up from their prior forecast of $3.47. The consensus estimate for First Solar’s current full-year earnings is $13.55 per share. Zacks Research also issued estimates for First Solar’s Q2 2025 earnings at $3.77 EPS.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.30. The firm had revenue of $794.10 million for the quarter, compared to the consensus estimate of $718.19 million. First Solar had a return on equity of 16.24% and a net margin of 28.75%. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share.

Several other analysts also recently weighed in on the stock. Mizuho reaffirmed a “neutral” rating and set a $274.00 price target (up previously from $209.00) on shares of First Solar in a research note on Thursday, May 30th. Susquehanna reissued a “positive” rating and set a $258.00 price target on shares of First Solar in a research report on Friday, April 5th. Piper Sandler raised their price target on First Solar from $195.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. The Goldman Sachs Group upped their price objective on shares of First Solar from $268.00 to $302.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, BMO Capital Markets raised their target price on shares of First Solar from $224.00 to $311.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.72.

First Solar Trading Down 6.2 %

NASDAQ FSLR opened at $273.61 on Friday. The stock has a market cap of $29.29 billion, a PE ratio of 28.68, a PEG ratio of 0.39 and a beta of 1.48. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. First Solar has a 12 month low of $129.21 and a 12 month high of $306.77. The company’s 50-day moving average price is $217.49 and its 200-day moving average price is $177.81.

Institutional Trading of First Solar

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First Solar by 4.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,058 shares of the solar cell manufacturer’s stock worth $94,419,000 after purchasing an additional 20,946 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in First Solar by 504.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 399,650 shares of the solar cell manufacturer’s stock valued at $68,852,000 after acquiring an additional 333,496 shares in the last quarter. Sora Investors LLC raised its holdings in First Solar by 63.6% in the 3rd quarter. Sora Investors LLC now owns 90,000 shares of the solar cell manufacturer’s stock valued at $14,543,000 after acquiring an additional 35,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in First Solar by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock worth $1,945,549,000 after purchasing an additional 279,424 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of First Solar by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,020,527 shares of the solar cell manufacturer’s stock worth $175,816,000 after purchasing an additional 16,756 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Buying and Selling

In other news, insider Kuntal Kumar Verma sold 250 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now owns 5,170 shares in the company, valued at $766,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other First Solar news, CFO Alexander R. Bradley sold 16,051 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $274.69, for a total value of $4,409,049.19. Following the completion of the transaction, the chief financial officer now owns 30,652 shares in the company, valued at $8,419,797.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kuntal Kumar Verma sold 250 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now owns 5,170 shares in the company, valued at $766,917.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,519 shares of company stock worth $13,324,756. 0.58% of the stock is owned by company insiders.

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.