First Solar FY2025 EPS Forecast Boosted by Zacks Research

First Solar, Inc. (NASDAQ:FSLR) – Analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of First Solar in a research report issued on Wednesday, June 25th. Zacks Research analyst R. Department now forecasts that the solar cell manufacturer will earn $13.26 per share for the year, up from their prior estimate 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.

Other equities research analysts have also recently issued research reports about the company. Mizuho raised their price objective on First Solar from $251.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, June 2nd. Glj Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $172.37 price objective on the stock in a report on Thursday, May 1st. TD Cowen decreased 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. UBS Group restated a “buy” rating and set a $255.00 price objective on shares of First Solar in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group raised their price objective on First Solar from $204.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average target price of $229.19.

First Solar Price Performance

FSLR stock opened at $152.14 on Monday. First Solar has a 52-week low of $116.56 and a 52-week high of $262.72. The stock’s fifty day simple moving average is $152.61 and its 200-day simple moving average is $154.96. The company has a quick ratio of 1.39, a current ratio of 1.93 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.53.

First Solar (NASDAQ:FSLR) last issued 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 return on equity of 16.32% and a net margin of 29.72%. The business had revenue of $844.57 million for the quarter, compared to analysts’ expectations of $863.11 million. During the same period in the prior year, the company earned $2.20 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Insider Buying and Selling at First Solar

In other news, insider Patrick James Buehler sold 1,868 shares of First Solar stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $149.08, for a total transaction of $278,481.44. Following the sale, the insider now directly owns 5,998 shares of the company’s stock, valued at approximately $894,181.84. The trade was a 23.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Koralewski sold 2,951 shares of First Solar stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.21, for a total value of $466,877.71. Following the sale, the insider now directly owns 11,369 shares in the company, valued at approximately $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. Insiders have sold 14,376 shares of company stock valued at $2,227,172 over the last three months. 0.48% of the stock is owned by company insiders.

Institutional Trading of First Solar

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of First Solar during the first quarter worth about $1,005,000. Swedbank AB increased its position in shares of First Solar by 9.1% during the first quarter. Swedbank AB now owns 154,932 shares of the solar cell manufacturer’s stock worth $19,588,000 after acquiring an additional 12,872 shares during the last quarter. BROOKFIELD Corp ON increased its position in shares of First Solar by 5.6% during the first quarter. BROOKFIELD Corp ON now owns 17,863 shares of the solar cell manufacturer’s stock worth $2,258,000 after acquiring an additional 953 shares during the last quarter. Inspire Investing LLC increased its position in shares of First Solar by 14.1% during the first quarter. Inspire Investing LLC now owns 12,649 shares of the solar cell manufacturer’s stock worth $1,599,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of First Solar during the first quarter worth about $23,453,000. 92.08% of the stock is owned by hedge funds and other 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.