Sign In
NASDAQ:FSLR
First Solar Stock Earnings Reports
$133.03
+0.520 (+0.392%)
At Close: Mar 17, 2025
First Solar Earnings Calls
Q4 2024
Missed
$3.65 (-24.12%)
| Release date | Feb 25, 2025 |
| EPS estimate | $4.81 |
| EPS actual | $3.65 |
| EPS Surprise | -24.12% |
| Revenue estimate | 1.483B |
| Revenue actual | 1.514B |
| Revenue Surprise | 2.08% |
Q3 2024
Missed
$2.91 (-7.32%)
| Release date | Oct 29, 2024 |
| EPS estimate | $3.14 |
| EPS actual | $2.91 |
| EPS Surprise | -7.32% |
| Revenue estimate | 1.062B |
| Revenue actual | 887.668M |
| Revenue Surprise | -16.44% |
Q2 2024
Beat
$3.25 (20.82%)
| Release date | Jul 30, 2024 |
| EPS estimate | $2.69 |
| EPS actual | $3.25 |
| EPS Surprise | 20.82% |
| Revenue estimate | 939.713M |
| Revenue actual | 1.01B |
| Revenue Surprise | 7.53% |
Q1 2024
Beat
$2.20 (10.55%)
| Release date | May 01, 2024 |
| EPS estimate | $1.99 |
| EPS actual | $2.20 |
| EPS Surprise | 10.55% |
| Revenue estimate | 720.3M |
| Revenue actual | 794.108M |
| Revenue Surprise | 10.25% |
Last 4 Quarters for First Solar
Below you can see how FSLR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
| Release date | May 01, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $177.58 |
| EPS estimate | $1.99 |
| EPS actual | $2.20 |
| EPS surprise | 10.55% |
| Date | Price |
|---|---|
| Apr 25, 2024 | $175.02 |
| Apr 26, 2024 | $178.73 |
| Apr 29, 2024 | $180.83 |
| Apr 30, 2024 | $176.30 |
| May 01, 2024 | $177.58 |
| May 02, 2024 | $180.51 |
| May 03, 2024 | $191.55 |
| May 06, 2024 | $193.81 |
| May 07, 2024 | $194.67 |
| 4 days before | 1.46% |
| 4 days after | 9.62% |
| On release day | 1.65% |
| Change in period | 11.23% |
Q2 2024
Beat
| Release date | Jul 30, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $210.89 |
| EPS estimate | $2.69 |
| EPS actual | $3.25 |
| EPS surprise | 20.82% |
| Date | Price |
|---|---|
| Jul 24, 2024 | $221.33 |
| Jul 25, 2024 | $216.19 |
| Jul 26, 2024 | $226.74 |
| Jul 29, 2024 | $220.40 |
| Jul 30, 2024 | $210.89 |
| Jul 31, 2024 | $215.99 |
| Aug 01, 2024 | $218.50 |
| Aug 02, 2024 | $213.05 |
| Aug 05, 2024 | $207.09 |
| 4 days before | -4.72% |
| 4 days after | -1.80% |
| On release day | 2.42% |
| Change in period | -6.43% |
Q3 2024
Missed
| Release date | Oct 29, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $199.67 |
| EPS estimate | $3.14 |
| EPS actual | $2.91 |
| EPS surprise | -7.32% |
| Date | Price |
|---|---|
| Oct 23, 2024 | $192.41 |
| Oct 24, 2024 | $196.04 |
| Oct 25, 2024 | $198.47 |
| Oct 28, 2024 | $205.03 |
| Oct 29, 2024 | $199.67 |
| Oct 30, 2024 | $197.50 |
| Oct 31, 2024 | $194.48 |
| Nov 01, 2024 | $204.94 |
| Nov 04, 2024 | $212.28 |
| 4 days before | 3.77% |
| 4 days after | 6.32% |
| On release day | -1.09% |
| Change in period | 10.33% |
Q4 2024
Missed
| Release date | Feb 25, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $147.46 |
| EPS estimate | $4.81 |
| EPS actual | $3.65 |
| EPS surprise | -24.12% |
| Date | Price |
|---|---|
| Feb 19, 2025 | $162.50 |
| Feb 20, 2025 | $164.09 |
| Feb 21, 2025 | $155.44 |
| Feb 24, 2025 | $152.91 |
| Feb 25, 2025 | $147.46 |
| Feb 26, 2025 | $156.84 |
| Feb 27, 2025 | $141.18 |
| Feb 28, 2025 | $136.18 |
| Mar 03, 2025 | $127.63 |
| 4 days before | -9.26% |
| 4 days after | -13.45% |
| On release day | 6.36% |
| Change in period | -21.46% |
First Solar Earnings Call Transcript Summary of Q4 2024
Earnings
Diluted EPS for 2024 was $12.02, despite an unexpected after-tax impact from Section 45X tax credits that came in below guidance.
Production
The company produced 15.5 gigawatts in 2024, comprising:
- 9.6 gigawatts of Series 6 modules
- 5.9 gigawatts of Series 7 modules
Backlog
First Solar ended 2024 with:
- A contracted backlog of 68.5 gigawatts
- A total pipeline of potential bookings of 80.3 gigawatts
Production and Capacity Expansion
- First Solar is ramping up production capacity, with plans to hit over 25 gigawatts by 2026 with new facilities in Alabama and Louisiana.
- The company is transitioning to "CuRe" technology and expects full validation and integration into production lines in 2026.
Manufacturing Challenges
Warranty issues related to the Series 7 modules led to a cumulative projected charge between $56 million to $100 million due to production defects. The company believes corrective actions have been implemented.
2025 Guidance
- Projected net sales for 2025 are estimated between $5.3 billion and $5.8 billion, with EPS guidance ranging from $17 to $20.
- Production guidance for 2025 includes:
- 9.5 to 9.8 gigawatts domestically
- 5.8 to 6.1 gigawatts internationally
- The company anticipates challenges due to project delays and shifting customer demands.
- Anticipated gross margin is 38%, accounting for $1.65 billion to $1.7 billion in claimed Section 45X tax credits.
Market and Policy Environment
- The executives expressed concerns regarding policy uncertainties in the U.S. following recent elections, which are impacting customer procurement and overall market clarity.
- The environment includes a risk of tariffs and heightened scrutiny on modules imported from Southeast Asia, complicating the pricing landscape.
Investor Considerations
- The company is focused on differentiation through advanced technology in solar manufacturing, emphasizing thin-film technologies.
- First Solar maintains a strong cash position with $1.2 billion net cash, providing flexibility for capital expenditures estimated at $1.3 billion to $1.5 billion in 2025.
- Issues surrounding intellectual property continue, with ongoing litigation over patent rights, which may impact future contracts and market positioning.
First Solar Earnings History
Earnings Calendar
FAQ
When is the earnings report for FSLR?
First Solar (FSLR) has scheduled its earnings report for May 07, 2025 after the markets close.
What is the FSLR price-to-earnings (P/E) ratio?
FSLR P/E ratio as of Mar 17, 2025 (TTM) is 11.02.
What is the FSLR EPS forecast?
The forecasted EPS (Earnings Per Share) for First Solar (FSLR) for the first fiscal quarter 2025 is $2.82.
What are First Solar's retained earnings?
On its balance sheet, First Solar reported retained earnings of $1.51 billion for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
