Q4 2024 Earnings Estimate for First Solar, Inc. Issued By Zacks Research (NASDAQ:FSLR)

First Solar, Inc. (NASDAQ:FSLR) – Analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for First Solar in a research report issued to clients and investors on Wednesday, April 10th. Zacks Research analyst A. Dutta now expects that the solar cell manufacturer will earn $4.34 per share for the quarter, up from their prior estimate of $4.33. The consensus estimate for First Solar’s current full-year earnings is $13.53 per share. Zacks Research also issued estimates for First Solar’s Q1 2025 earnings at $3.61 EPS, FY2025 earnings at $19.18 EPS, Q1 2026 earnings at $5.48 EPS and FY2026 earnings at $28.54 EPS.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.31 billion. First Solar had a return on equity of 13.80% and a net margin of 25.03%. First Solar’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) earnings per share.

A number of other equities analysts also recently issued reports on the company. Mizuho upped their price target on First Solar from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $195.00 price target on shares of First Solar in a research note on Wednesday, February 28th. Oppenheimer lifted their target price on shares of First Solar from $268.00 to $269.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Jefferies Financial Group assumed coverage on shares of First Solar in a research report on Friday, December 15th. They issued a “buy” rating and a $211.00 price target for the company. Finally, Janney Montgomery Scott began coverage on shares of First Solar in a research report on Friday. They set a “buy” rating and a $236.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.96.

First Solar Stock Down 1.1 %

First Solar stock opened at $182.48 on Friday. The business has a fifty day moving average of $158.23 and a two-hundred day moving average of $155.64. The firm has a market cap of $19.53 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.32 and a beta of 1.41. The company has a quick ratio of 2.92, a current ratio of 3.55 and a debt-to-equity ratio of 0.07. First Solar has a twelve month low of $129.21 and a twelve month high of $232.00.

Institutional Trading of First Solar

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of First Solar by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,151,817 shares of the solar cell manufacturer’s stock valued at $2,093,515,000 after acquiring an additional 111,786 shares during the period. State Street Corp raised its holdings in shares of First Solar by 4.4% during the first quarter. State Street Corp now owns 4,266,552 shares of the solar cell manufacturer’s stock valued at $927,972,000 after acquiring an additional 179,035 shares during the period. Schroder Investment Management Group raised its holdings in shares of First Solar by 16.7% during the fourth quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock valued at $422,861,000 after acquiring an additional 351,540 shares during the period. Wellington Management Group LLP raised its holdings in shares of First Solar by 10.2% during the third quarter. Wellington Management Group LLP now owns 2,283,705 shares of the solar cell manufacturer’s stock valued at $369,024,000 after acquiring an additional 211,755 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of First Solar by 2.6% during the first quarter. Geode Capital Management LLC now owns 2,236,723 shares of the solar cell manufacturer’s stock valued at $485,528,000 after acquiring an additional 56,383 shares during the period. 92.08% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Kuntal Kumar Verma sold 250 shares of First Solar stock in a transaction on Monday, March 18th. The shares were sold at an average price of $148.34, for a total transaction of $37,085.00. Following the sale, the insider now owns 5,170 shares of the company’s stock, valued at approximately $766,917.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Markus Gloeckler sold 1,937 shares of First Solar stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $175.00, for a total value of $338,975.00. Following the completion of the transaction, the chief technology officer now directly owns 12,536 shares of the company’s stock, valued at approximately $2,193,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kuntal Kumar Verma sold 250 shares of First Solar stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $148.34, for a total transaction of $37,085.00. Following the completion of the transaction, the insider now directly owns 5,170 shares of the company’s stock, valued at $766,917.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,620 shares of company stock valued at $4,269,540. Company insiders own 0.58% 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.