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 estimates for shares of First Solar in a research report issued to clients and investors on Tuesday, March 14th. Zacks Research analyst A. Dutta anticipates that the solar cell manufacturer will earn $11.88 per share 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 data on Tuesday, February 28th. The solar cell manufacturer reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.11. First Solar had a negative net margin of 1.69% and a negative return on equity of 0.75%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The business’s revenue was up 10.5% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on the stock. Argus increased their price objective on shares of First Solar from $176.00 to $261.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of First Solar from $215.00 to $190.00 in a report on Wednesday, March 1st. Wells Fargo & Company upped their target price on shares of First Solar from $188.00 to $233.00 and gave the stock an “overweight” rating in a report on Monday, March 6th. StockNews.com initiated coverage on shares of First Solar in a report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley increased their price objective on shares of First Solar from $146.00 to $194.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 10th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.00.

First Solar Trading Up 1.6 %

Shares of FSLR stock opened at $206.56 on Thursday. First Solar has a 52-week low of $59.60 and a 52-week high of $218.25. The stock has a market cap 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 quick ratio of 3.05 and a current ratio of 3.65. The firm has a fifty day moving average of $177.17 and a 200-day moving average of $155.63.

Institutional Investors Weigh In On First Solar

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in First Solar during the third quarter worth about $25,000. TCI Wealth Advisors Inc. grew its holdings in shares of First Solar by 370.7% during the third quarter. TCI Wealth Advisors Inc. now owns 193 shares of the solar cell manufacturer’s stock worth $26,000 after purchasing an additional 152 shares during the last quarter. Glass Jacobson Investment Advisors llc bought a new stake in shares of First Solar during the fourth quarter worth about $30,000. Lakewood Asset Management LLC bought a new stake in shares of First Solar during the fourth quarter worth about $34,000. Finally, Romano Brothers AND Company bought a new stake in shares of First Solar during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Insider Transactions at First Solar

In other news, General Counsel Jason E. Dymbort sold 1,610 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,008,858.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Jason E. Dymbort sold 965 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $212.50, for a total value of $205,062.50. Following the completion of the transaction, the general counsel now directly owns 6,002 shares of the company’s stock, valued at $1,275,425. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Jason E. Dymbort sold 1,610 shares of First Solar stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $200.21, for a total transaction of $322,338.10. Following 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. Insiders sold 37,909 shares of company stock valued at $7,870,618 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

About First Solar

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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.