First Solar FY2025 EPS Forecast Boosted by Zacks Research

First Solar, Inc. (NASDAQ:FSLR - Free Report) - Investment analysts at Zacks Research boosted their FY2025 earnings per share estimates for First Solar in a research report issued to clients and investors on Wednesday, June 25th. Zacks Research analyst R. Department now forecasts that the solar cell manufacturer will post earnings per share of $13.26 for the year, up from their prior forecast of $13.21. The consensus estimate for First Solar's current full-year earnings is $13.05 per share. Zacks Research also issued estimates for First Solar's FY2027 earnings at $26.44 EPS.

Several other brokerages have also issued reports on FSLR. Piper Sandler dropped their price objective on First Solar from $230.00 to $205.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Barclays dropped their price objective on First Solar from $236.00 to $204.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Oppenheimer lowered First Solar from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered First Solar from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, TD Cowen dropped their price objective on First Solar from $275.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $229.19.

First Solar Stock Performance

Shares of FSLR stock opened at $152.14 on Monday. The stock's 50-day moving average is $152.61 and its two-hundred day moving average is $154.96. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.30 and a beta of 1.53. First Solar has a 1 year low of $116.56 and a 1 year high of $262.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.39 and a current ratio of 1.93.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by ($0.55). First Solar had a net margin of 29.72% and a return on equity of 16.32%. The business had revenue of $844.57 million during the quarter, compared to analyst estimates of $863.11 million. During the same quarter in the prior year, the business earned $2.20 earnings per share. The firm's quarterly revenue was up 6.4% on a year-over-year basis.

Institutional Investors Weigh In On First Solar

A number of institutional investors and hedge funds have recently modified their holdings of FSLR. Garde Capital Inc. acquired a new stake in shares of First Solar in the 1st quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in First Solar during the 1st quarter valued at $25,000. Larson Financial Group LLC grew its holdings in First Solar by 591.9% during the 1st quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock valued at $32,000 after buying an additional 219 shares during the last quarter. Colonial Trust Advisors acquired a new stake in First Solar during the 1st quarter valued at $32,000. Finally, Abound Financial LLC acquired a new stake in First Solar during the 1st quarter valued at $45,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Insiders Place Their Bets

In related news, CTO Markus Gloeckler sold 9,557 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $155.05, for a total value of $1,481,812.85. Following the sale, the chief technology officer now owns 8,037 shares in the company, valued at $1,246,136.85. This represents a 54.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Koralewski sold 2,951 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.21, for a total value of $466,877.71. Following the completion of the sale, the insider now owns 11,369 shares in the company, valued at approximately $1,798,689.49. This represents a 20.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,376 shares of company stock worth $2,227,172. Company insiders own 0.48% of the company's stock.

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.

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