Zacks Research Has Weak Forecast for First Solar Q3 Earnings

First Solar, Inc. (NASDAQ:FSLR) – Equities researchers at Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for First Solar in a report released on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the solar cell manufacturer will post earnings of $3.82 per share for the quarter, down from their prior forecast of $4.80. The consensus estimate for First Solar’s current full-year earnings is $13.15 per share. Zacks Research also issued estimates for First Solar’s Q2 2026 earnings at $5.75 EPS and Q3 2026 earnings at $4.96 EPS.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). The firm had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS.

Several other research analysts have also issued reports on FSLR. Oppenheimer increased their target price on shares of First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on First Solar from $350.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. William Blair initiated coverage on First Solar in a research report on Thursday, August 29th. They set a “market perform” rating on the stock. Morgan Stanley reduced their price objective on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their price target on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.04.

First Solar Stock Up 2.3 %

Shares of NASDAQ FSLR opened at $186.05 on Friday. First Solar has a 1 year low of $135.88 and a 1 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. The firm has a market cap of $19.92 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.32 and a beta of 1.48. The company has a 50 day simple moving average of $212.65 and a 200 day simple moving average of $225.56.

Institutional Investors Weigh In On First Solar

Institutional investors have recently modified their holdings of the company. Electron Capital Partners LLC grew its stake in First Solar by 81,947.0% in the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after acquiring an additional 7,660,409 shares during the last quarter. Wellington Management Group LLP raised its holdings in First Solar by 75.8% in the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock valued at $523,166,000 after buying an additional 904,498 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of First Solar by 1,757.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock valued at $136,242,000 after acquiring an additional 516,783 shares in the last quarter. Merewether Investment Management LP raised its holdings in shares of First Solar by 993.4% during the 3rd quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock valued at $80,553,000 after buying an additional 293,400 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in shares of First Solar in the third quarter valued at $67,652,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

About First Solar

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.