First Solar, Inc. to Post FY2025 Earnings of $11.88 Per Share, Zacks Research Forecasts (NASDAQ:FSLR)

First Solar, Inc. (NASDAQ:FSLR – Get Rating) – Equities researchers at Zacks Research issued their FY2025 earnings per share estimates for First Solar in a report released on Tuesday, March 14th. Zacks Research analyst A. Dutta forecasts that the solar cell manufacturer will post earnings per share of $11.88 for the year. The consensus estimate for First Solar’s current full-year earnings is $7.17 per share.

First Solar (NASDAQ:FSLR – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The solar cell manufacturer reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. First Solar had a negative return on equity of 0.75% and a negative net margin of 1.69%. First Solar’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS.

FSLR has been the topic of a number of other research reports. Daiwa Capital Markets assumed coverage on First Solar in a research report on Friday, December 23rd. They set an “outperform” rating and a $175.00 target price on the stock. Bank of America cut First Solar from a “buy” rating to a “neutral” rating and cut their target price for the stock from $196.00 to $195.00 in a research report on Thursday, February 2nd. Wells Fargo & Company lifted their target price on First Solar from $188.00 to $233.00 and gave the stock an “overweight” rating in a research report on Monday, March 6th. StockNews.com started coverage on First Solar in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Credit Suisse Group boosted their price target on First Solar from $152.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

First Solar Stock Up 1.6 %

Shares of NASDAQ FSLR opened at $206.56 on Thursday. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of -483.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 3.05. The business has a 50-day moving average of $177.17 and a two-hundred day moving average of $155.63. First Solar has a 1 year low of $59.60 and a 1 year high of $218.25.

Hedge Funds Weigh In On First Solar

Several large investors have recently modified their holdings of FSLR. Norges Bank bought a new position in shares of First Solar during the fourth quarter worth about $213,049,000. Renaissance Technologies LLC lifted its position in shares of First Solar by 1,046.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,518,401 shares of the solar cell manufacturer’s stock worth $227,441,000 after purchasing an additional 1,385,912 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Solar by 197.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,336,038 shares of the solar cell manufacturer’s stock worth $111,880,000 after purchasing an additional 887,443 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Solar by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 2,180,340 shares of the solar cell manufacturer’s stock worth $326,050,000 after purchasing an additional 780,028 shares during the last quarter. Finally, Fred Alger Management LLC bought a new position in shares of First Solar during the third quarter worth about $100,007,000. Institutional investors own 80.97% of the company’s stock.

Insider Activity at First Solar

In other First Solar news, CAO Byron Michael Jeffers sold 1,281 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $212.50, for a total value of $272,212.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other First Solar news, CAO Byron Michael Jeffers sold 1,281 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $212.50, for a total value of $272,212.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jason E. Dymbort sold 1,610 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $200.21, for a total transaction of $322,338.10. Following the completion of the transaction, the general counsel now directly owns 5,039 shares of the company’s stock, valued at $1,008,858.19. The disclosure for this sale can be found here. In the last three months, insiders sold 37,909 shares of company stock worth $7,870,618. Corporate insiders own 0.54% of the company’s stock.

First Solar Company Profile

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First Solar, Inc engages in designing, manufacturing, marketing, and the distribution of photovoltaic solar power systems and solar modules. It operates through the Modules and Systems segments. The Modules segment involves the design, manufacture, and sale of cadmium telluride solar modules, which convert sunlight into electricity.