Q3 EPS Estimates for First Solar Raised by Zacks Research

First Solar, Inc. (NASDAQ:FSLR) – Analysts at Zacks Research upped their Q3 2025 earnings per share estimates for shares of First Solar in a research note issued to investors on Tuesday, December 10th. Zacks Research analyst A. Dutta now anticipates that the solar cell manufacturer will post earnings of $3.88 per share for the quarter, up from their previous estimate of $3.82. 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 Q4 2025 earnings at $6.31 EPS, FY2025 earnings at $18.58 EPS, Q3 2026 earnings at $5.07 EPS and FY2026 earnings at $22.66 EPS.

A number of other research analysts have also commented on the company. William Blair initiated coverage on First Solar in a report on Thursday, August 29th. They issued a “market perform” rating on the stock. Jefferies Financial Group decreased their price target on shares of First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Mizuho cut their price objective on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group decreased their target price on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $280.71.

First Solar Price Performance

First Solar stock opened at $199.67 on Friday. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.35 and a beta of 1.46. The stock’s 50 day moving average is $199.54 and its 200-day moving average is $223.85. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar has a 12 month low of $135.88 and a 12 month high of $306.77.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in First Solar by 11.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,501 shares of the solar cell manufacturer’s stock worth $338,000 after buying an additional 154 shares during the period. ORG Partners LLC bought a new stake in shares of First Solar in the second quarter worth $71,000. Assenagon Asset Management S.A. increased its holdings in First Solar by 47.6% in the second quarter. Assenagon Asset Management S.A. now owns 108,099 shares of the solar cell manufacturer’s stock valued at $24,372,000 after purchasing an additional 34,858 shares during the period. Blue Trust Inc. raised its position in First Solar by 65.9% during the 2nd quarter. Blue Trust Inc. now owns 408 shares of the solar cell manufacturer’s stock worth $92,000 after purchasing an additional 162 shares during the last quarter. Finally, Davis Investment Partners LLC lifted its holdings in First Solar by 25.5% during the 2nd quarter. Davis Investment Partners LLC now owns 7,652 shares of the solar cell manufacturer’s stock worth $1,785,000 after buying an additional 1,555 shares during the period. 92.08% of the stock is currently owned by 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.