Q3 Earnings Estimate for First Solar Issued By William Blair

First Solar, Inc. (NASDAQ:FSLR) – Equities researchers at William Blair cut their Q3 2025 earnings per share estimates for shares of First Solar in a research note issued to investors on Wednesday, April 30th. William Blair analyst J. Dorsheimer now expects that the solar cell manufacturer will post earnings of $3.70 per share for the quarter, down from their previous estimate of $3.88. The consensus estimate for First Solar’s current full-year earnings is $13.05 per share. William Blair also issued estimates for First Solar’s Q3 2026 earnings at $7.11 EPS and Q4 2026 earnings at $7.62 EPS.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.55). First Solar had a net margin of 32.41% and a return on equity of 17.56%. 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 previous year, the firm posted $2.20 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on shares of First Solar from $237.00 to $214.00 and set an “outperform” rating on the stock in a research report on Wednesday. Glj Research upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $172.37 price objective for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on First Solar from $282.00 to $268.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets lowered their price objective on First Solar from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $265.00 target price on shares of First Solar in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, First Solar has an average rating of “Moderate Buy” and a consensus price target of $223.87.

First Solar Stock Performance

Shares of FSLR opened at $126.57 on Thursday. The company has a market cap of $13.57 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The firm has a 50-day moving average of $131.37 and a 200-day moving average of $166.87. First Solar has a one year low of $116.56 and a one year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

Institutional Trading of First Solar

Several large investors have recently modified their holdings of the stock. Garde Capital Inc. bought a new stake in shares of First Solar during the first quarter valued at approximately $25,000. Abound Financial LLC bought a new stake in First Solar during the 1st quarter valued at $45,000. Smartleaf Asset Management LLC raised its holdings in First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after buying an additional 63 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of First Solar in the first quarter valued at $51,000. Finally, Crews Bank & Trust acquired a new position in shares of First Solar during the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity at First Solar

In other news, insider Georges Antoun sold 229 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $30,628.75. Following the transaction, the insider now directly owns 52,836 shares of the company’s stock, valued at $7,066,815. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark R. Widmar sold 21,542 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.09, for a total value of $3,039,360.78. Following the sale, the chief executive officer now directly owns 103,403 shares of the company’s stock, valued at $14,589,129.27. This represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,311 shares of company stock worth $4,767,158 in the last quarter. 0.48% of the stock is owned by insiders.

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.