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First Solar (FSLR) is a solar company that focuses on designing, manufacturing, and marketing its photovoltaic (PV) solar modules with the help of cadmium telluride (CdTe) technology. The company also sells power systems and provides maintenance and operational services to its customers.
Founded in 1999, the company has its manufacturing plants in the U.S., Vietnam, and Malaysia with its headquarters in Tempe, Arizona.
About First Solar Stock
First Solar’s stock has had a rough time in recent months, falling 22.6% YTD and more than 30% in the last 6 months. The stock is more than 55% below its 52-week high as well. Despite this, there might be some good news for investors as the stock popped more than 10% on Tuesday, April 22 following news regarding solar product imports.
First Solar Reports Q4 Results
First Solar posted its fourth-quarter and full-year results on Feb. 25. The solar company reported a profit of $393.1 million or $3.65 per share, which did not match the analysts’ $4.64 per share estimate. However, First Solar generated $1.51 billion in revenue during the quarter, surpassing analysts’ $1.47 billion estimate.
On a full-year scale, First Solar generated $4.21 billion in revenue, with a $1.29 billion profit, translating to $12.02 per share.
For 2025, management anticipates revenue in the range of $5.3 billion to $5.8 billion with a profit of $17 to $20 per share.
The company is set to report its first-quarter 2025 results on April 29, 2025.
First Solar Benefits from Tariff Decision
Shares in First Solar rose following the finalization of steep U.S. tariffs on solar cells imported from Cambodia, Thailand, Vietnam, and Malaysia. These tariffs were part of a trade case initiated by First Solar, Hanwha Q Cells, and more, who accused Chinese manufacturers in the said countries of dumping products at artificially low prices and benefiting from subsidies.
First Solar, one of the key petitioners, highlighted how these practices harmed U.S. solar producers. The tariffs, which include a staggering 3,500% duty on Cambodian imports, aim to protect domestic manufacturers like First Solar. However, critics warn that these levies could raise costs for U.S. production and negatively impact the industry overall.
The four listed countries recorded more than $10 billion in solar supplies to America last year alone. Thus, critics including the Solar Energy Industries Association, have warned that the move can see a rise in the cost of production for U.S. companies by raising prices of solar cells and negatively impacting the industry as a whole.
Analyst Takes on FSLR Stock
Analysts have a very opinion of First Solar. The experts have a consensus “Strong Buy” rating on the stock with a mean price target of $238.22, reflecting a massive 75% upside potential from market levels. The stock is even trading below the Street-low price target of $150.
First Solar has been reviewed by 34 analysts in total while receiving 27 “Strong Buy” ratings, two “Moderate Buy” ratings, and five “Hold” ratings from analysts.
