FSLR Stock - First Solar, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.21B | $3.32B | $2.62B | $2.92B | $2.71B |
| Gross Profit | $1.86B | $1.30B | $69.86M | $729.95M | $680.67M |
| Gross Margin | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% |
| Operating Income | $1.39B | $857.27M | $-27,236,000 | $586.75M | $317.49M |
| Net Income | $1.29B | $830.78M | $-44,166,000 | $468.69M | $398.36M |
| Net Margin | 30.7% | 25.0% | -1.7% | 16.0% | 14.7% |
| EPS | $12.07 | $7.78 | $-0.41 | $4.41 | $3.76 |
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 31st 2025 | TD Cowen | Reiterated | Buy | $260← $240 |
| October 22nd 2025 | Needham | Initiation | Buy | $286 |
| October 7th 2025 | Evercore ISI | Initiation | In-line | $240 |
| August 1st 2025 | TD Cowen | Reiterated | Buy | $220← $200 |
| July 1st 2025 | RBC Capital Mkts | Reiterated | Outperform | $200← $188 |
| June 11th 2025 | Jefferies | Upgrade | Buy | $192 |
| May 13th 2025 | Wolfe Research | Upgrade | Outperform | $221 |
| April 30th 2025 | Jefferies | Downgrade | Hold | $127 |
| April 30th 2025 | KeyBanc Capital Markets | Downgrade | Underweight | $100 |
| April 30th 2025 | Oppenheimer | Downgrade | Perform | - |
| April 30th 2025 | TD Cowen | Reiterated | Buy | $200← $275 |
| March 3rd 2025 | Redburn Atlantic | Initiation | Neutral | - |
| February 11th 2025 | Mizuho | Upgrade | Outperform | $259← $218 |
| January 16th 2025 | Seaport Research Partners | Upgrade | Buy | $274 |
| November 5th 2024 | Seaport Research Partners | Initiation | Neutral | - |
Earnings History & Surprises
FSLREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $5.21 | — | — | — |
Q4 2025 | Oct 30, 2025 | $4.24 | $4.24 | 0.0% | = MET |
Q3 2025 | Jul 31, 2025 | $2.66 | $3.18 | +19.5% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $2.49 | $1.95 | -21.7% | ✗ MISS |
Q1 2025 | Feb 25, 2025 | $4.81 | $3.65 | -24.1% | ✗ MISS |
Q4 2024 | Oct 29, 2024 | $3.14 | $2.91 | -7.3% | ✗ MISS |
Q3 2024 | Jul 30, 2024 | $2.69 | $3.25 | +20.8% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $1.99 | $2.20 | +10.6% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $3.13 | $3.25 | +3.8% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $2.06 | $2.50 | +21.4% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.96 | $1.59 | +65.6% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $1.02 | $0.40 | -60.8% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $-0.18 | $-0.07 | +61.1% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $-0.23 | $-0.46 | -100.0% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.30 | $0.52 | +73.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $-0.41 | $-0.41 | 0.0% | = MET |
Q1 2022 | Mar 1, 2022 | $1.06 | $1.23 | +16.0% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.59 | $0.42 | -28.8% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $0.54 | $0.77 | +42.6% | ✓ BEAT |
Latest News
Wells Fargo Maintains Overweight on First Solar, Raises Price Target to $285
📈 PositiveShares of semiconductor stocks are trading higher after the Fed cut rates by 25 basis points.
📈 PositiveFirst Solar Inaugurates New AI-Enabled Louisiana Manufacturing Facility; Currently Employs Over 700 People And Is Expected To Have 826 Employees By The End Of The Year; Expects Almost 18 GW Of Domestic Production Capacity In 2027
📈 PositiveFirst Solar To Establish New Facility In South Carolina, Expects To Spend ~$330M
📈 PositiveGLJ Research Maintains Buy on First Solar, Raises Price Target to $314.43
📈 PositiveUBS Maintains Buy on First Solar, Raises Price Target to $330
📈 PositiveTD Cowen Maintains Buy on First Solar, Raises Price Target to $260
📈 PositiveJP Morgan Maintains Overweight on First Solar, Raises Price Target to $303
📈 PositiveFirst Solar shines as Q3 sales soar; set to open another U.S. factory
📈 PositiveKeybanc Maintains Underweight on First Solar, Raises Price Target to $150
📉 NegativeFirst Solar shares are trading higher after the company reported better-than-expected Q3 sales results.
📈 PositiveFirst Solar Narrows FY2025 GAAP EPS Guidance from $13.50-$16.50 to $14.00-$15.00 vs $15.18 Est; Narrows FY2025 Sales Guidance from $4.900B-$5.700B to $4.950B-$5.200B vs $5.280B Est
📉 NegativeFirst Solar Q3 EPS $4.24 Misses $4.30 Estimate, Sales $1.600B Beat $1.561B Estimate
➖ NeutralRoth Capital Reiterates Buy on First Solar, Raises Price Target to $270
📈 PositiveNeedham Initiates Coverage On First Solar with Buy Rating, Announces Price Target of $286
📈 PositiveMorgan Stanley Maintains Overweight on First Solar, Raises Price Target to $253
📈 PositiveJP Morgan Maintains Overweight on First Solar, Raises Price Target to $278
📈 PositiveFirst Solar rallies to new 52-week high after flurry of analyst praise
📈 PositiveFirst Solar shares are trading higher after BofA Securities maintained a Buy rating on the stock and raised its price target from $209 to $254.
📈 PositiveB of A Securities Maintains Buy on First Solar, Raises Price Target to $254
📈 PositiveFrequently Asked Questions about FSLR
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