Q3 Earnings Estimate for First Solar Issued By Roth Capital

Key Points

• Roth Capital has revised its Q3 2025 earnings per share (EPS) estimate for First Solar from $4.51 to $4.40, with a full-year forecast of $13.05 EPS.
• Multiple brokerages have adjusted their price targets for First Solar, with Barclays lowering its target from $236.00 to $204.00 while maintaining an "overweight" rating.
• First Solar reported Q2 earnings of $3.18 EPS, surpassing the consensus estimate of $2.68, with revenue of $1.10 billion indicating an 8.6% year-over-year increase.

First Solar, Inc. (NASDAQ:FSLR - Free Report) - Investment analysts at Roth Capital dropped their Q3 2025 EPS estimates for shares of First Solar in a report released on Thursday, July 31st. Roth Capital analyst P. Shen now forecasts that the solar cell manufacturer will post earnings of $4.40 per share for the quarter, down from their prior estimate of $4.51. The consensus estimate for First Solar's current full-year earnings is $13.05 per share. Roth Capital also issued estimates for First Solar's Q4 2025 earnings at $5.92 EPS, FY2025 earnings at $15.46 EPS, Q1 2026 earnings at $3.48 EPS, Q2 2026 earnings at $4.88 EPS, Q3 2026 earnings at $6.08 EPS, Q4 2026 earnings at $7.26 EPS, FY2026 earnings at $21.70 EPS, Q2 2027 earnings at $5.97 EPS and FY2027 earnings at $26.85 EPS.

A number of other brokerages also recently weighed in on FSLR. Barclays cut their price target on shares of First Solar from $236.00 to $204.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Robert W. Baird cut their price target on shares of First Solar from $267.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group reaffirmed a "positive" rating on shares of First Solar in a report on Tuesday, July 8th. KeyCorp downgraded shares of First Solar from a "sector weight" rating to an "underweight" rating and set a $100.00 price objective on the stock. in a report on Wednesday, April 30th. Finally, Morgan Stanley set a $223.00 price objective on shares of First Solar and gave the company an "overweight" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and an average price target of $221.90.

First Solar Stock Performance

NASDAQ FSLR opened at $183.97 on Monday. 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 current ratio of 1.90 and a quick ratio of 1.41. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.35 and a beta of 1.48. The company has a fifty day moving average price of $165.81 and a 200-day moving average price of $152.90.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $3.25 EPS. The business's revenue was up 8.6% compared to the same quarter last year.

Insider Buying and Selling

In other First Solar news, insider Patrick James Buehler sold 1,868 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $149.08, for a total transaction of $278,481.44. Following the transaction, the insider directly owned 5,998 shares in the company, valued at $894,181.84. This trade represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Koralewski sold 2,951 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $158.21, for a total transaction of $466,877.71. Following the transaction, the insider owned 11,369 shares in the company, valued at $1,798,689.49. The trade was a 20.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,976 shares of company stock worth $2,515,172. Insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its position in First Solar by 396.5% during the first quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer's stock valued at $1,489,000 after acquiring an additional 9,405 shares during the last quarter. Asset Management One Co. Ltd. grew its position in First Solar by 7.1% during the first quarter. Asset Management One Co. Ltd. now owns 48,722 shares of the solar cell manufacturer's stock valued at $6,160,000 after acquiring an additional 3,226 shares during the last quarter. Vontobel Holding Ltd. grew its position in First Solar by 14.2% during the first quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer's stock valued at $23,936,000 after acquiring an additional 23,528 shares during the last quarter. Oakworth Capital Inc. grew its position in First Solar by 24.7% during the first quarter. Oakworth Capital Inc. now owns 9,682 shares of the solar cell manufacturer's stock valued at $1,224,000 after acquiring an additional 1,916 shares during the last quarter. Finally, Ethic Inc. grew its position in First Solar by 34.2% during the fourth quarter. Ethic Inc. now owns 17,807 shares of the solar cell manufacturer's stock valued at $3,138,000 after acquiring an additional 4,542 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

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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