First Solar (NASDAQ:FSLR) Issues Earnings Results

First Solar (NASDAQ:FSLR) posted its quarterly earnings data on Tuesday. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Performance

Shares of FSLR stock opened at $147.46 on Wednesday. The company’s 50 day moving average is $174.55 and its 200 day moving average is $199.38. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.19 and a beta of 1.47. First Solar has a 52-week low of $141.76 and a 52-week high of $306.77.

Analyst Ratings Changes

FSLR has been the subject of a number of analyst reports. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research report on Tuesday, October 29th. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Mizuho upgraded shares of First Solar from a “neutral” rating to an “outperform” rating and upped their price target for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Guggenheim reissued a “buy” rating and issued a $335.00 price objective on shares of First Solar in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $275.63.

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.