Overview

* First Solar ( FSLR ) Q3 net sales of $1.6 bln beat analyst expectations

* Net income per diluted share rose to $4.24 from $3.18 in Q2

* Company updates 2025 guidance, raising net sales and EPS forecasts

Outlook

* First Solar ( FSLR ) raises 2025 net sales guidance to $4.95 bln-$5.20 bln

* Company expects 2025 earnings per share of $14.00-$15.00

* First Solar ( FSLR ) forecasts 2025 operating income of $1.56 bln-$1.68 bln

Result Drivers

* INCREASED MODULE SALES - Higher volume of modules sold to third parties drove net sales increase

* ENHANCED LIQUIDITY - Improved cash position due to higher cash receipts from module sales and favorable working capital changes

* PRICING AND DELIVERY CERTAINTY - Co's ability to offer pricing and delivery certainty amid trade challenges supported results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.6 bln $1.56

bln (28

Analysts

)

Q3 EPS $4.24

Q3 Net $455.94

Income mln

Q3 Gross $610.74

Profit mln

Q3 $144.65

Operatin mln

g

Expenses

Q3 $466.09

Operatin mln

g Income

Q3 $460.34

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

* Wall Street's median 12-month price target for First Solar Inc ( FSLR ) is $240.00, about 0.7% below its October 29 closing price of $241.71

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)