Core Viewpoint - First Solar's profits are significantly driven by subsidies, which raises concerns about the sustainability of its growth in the future [1] Group 1: Company Performance - First Solar anticipates growth in 2025 due to increased production at its solar plants [1] Group 2: Financial Insights - The reliance on subsidies for profit generation is highlighted as a potential risk for the company's financial health [1]

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Core Viewpoint - First Solar (NASDAQ: FSLR) is currently considered one of the cheapest stocks in the market, with a forward price-to-earnings multiple that reflects its valuation based on projected earnings per share of $18.50 [1] Financial Metrics - The after-hours closing price of First Solar is $150.40, which contributes to its valuation as a low-cost stock in the market [1]

First Solar, Inc. (FSLR) reported fourth-quarter 2024 earnings of $3.65 per share, which were up 12.3% from the prior-year quarter’s figure of $3.25. However, the bottom line missed the Zacks Consensus Estimate of $4.64 per share by 21.3%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The year-over-year improvement in the bottom line can be attributed to solid sales and gross profit growth from the prior-year quarter.The company reported 2024 earnings of $12.02 per share, which were ...

Unlike many other solar companies, First Solar (NASDAQ: FSLR ) actually hasn't been in a terminal decline since 2022. When mentioning other solar companies, the reference is to SolarEdge Technologies ( SEDG ) and Sunrun ( RUN ) among severalI work as an investment analyst for a mutual fund. I share the same thoroughness and precision in my daytime work as with my private work found primarily here on Seeking Alpha. My areas of expertise include the tech sector as well as the energy sector. I am not landlocke ...

Financial Data and Key Metrics Changes - In 2024, First Solar reported net sales of $4.2 billion, a 27% increase year-on-year, with a diluted EPS of $12.02, up from $7.74 in 2023 [7][31][88] - Gross margin for the full year was 44%, an increase of 5 percentage points from 2023, but Q4 gross margin dropped to 37% from 50% in the prior quarter [21][22] - The company ended 2024 with a cash balance of $1.8 billion, an increase of $0.5 billion from the prior quarter [32] Business Line Data and Key Metrics Changes - First Solar sold a record 14.1 gigawatts of modules in 2024, with a year-end contracted backlog of 68.5 gigawatts valued at $20.5 billion [6][12] - Manufacturing output included 15.5 gigawatts, comprising 9.6 gigawatts of Series 6 modules and 5.9 gigawatts of Series 7 modules [8][10] - The company began producing CuRe modules in Q4 2024 and is on track to ramp up production capacity to over 25 gigawatts by 2026 [10][72] Market Data and Key Metrics Changes - The contracted backlog included 37.1 gigawatts with potential adjusters that could generate an additional $0.7 billion in revenue [15] - The total pipeline of potential bookings decreased to 80.3 gigawatts, with mid to late-stage opportunities at 21 gigawatts [15][16] - The company faced challenges in international markets due to policy uncertainties and competition, particularly in Europe and India [67][68] Company Strategy and Development Direction - First Solar's strategy focuses on technology differentiation, emphasizing thin-film technologies and a three-pillar approach to innovation [36][41] - The company aims to leverage its strong balance sheet to support growth and navigate macroeconomic uncertainties [85] - The management plans to continue a selective approach to contracting, prioritizing long-term relationships with customers [17][56] Management Comments on Operating Environment and Future Outlook - Management highlighted the need for decisive actions to address China's dominance in the solar supply chain and the importance of US manufacturing [51][52] - The uncertain policy environment post-US elections is causing caution among customers, impacting procurement and project timelines [60][62] - Despite near-term challenges, management remains optimistic about long-term growth in solar demand due to its low-cost profile and speed to deployment [60][61] Other Important Information - The company is constructing a $1.1 billion manufacturing facility in Louisiana, expected to begin operations in the second half of 2025 [11] - Warranty charges related to Series 7 manufacturing issues are estimated to range from $56 million to $100 million [23][84] - The company has filed a lawsuit against JinkoSolar for patent infringement, reinforcing its commitment to protecting its intellectual property [44] Q&A Session Summary Question: What are the expectations for module sales in 2025? - First Solar expects module sales of 18 to 20 gigawatts in 2025, with a significant portion produced in the US [75][90] Question: How is the company addressing the challenges in international markets? - The company is reducing output from its Southeast Asian factories due to policy uncertainties and is focusing on optimizing its domestic production capabilities [72][67] Question: What is the outlook for gross margin in 2025? - Gross margin is expected to be between 47% for the full year 2025, factoring in ramp costs and the impact of Section 45X tax credits [88][90]

For the quarter ended December 2024, First Solar (FSLR) reported revenue of $1.51 billion, up 30.7% over the same period last year. EPS came in at $3.65, compared to $3.25 in the year-ago quarter.The reported revenue represents a surprise of +2.98% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $4.64, the EPS surprise was -21.34%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

First Solar (FSLR) came out with quarterly earnings of $3.65 per share, missing the Zacks Consensus Estimate of $4.64 per share. This compares to earnings of $3.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -21.34%. A quarter ago, it was expected that this largest U.S. solar company would post earnings of $3.10 per share when it actually produced earnings of $2.91, delivering a surprise of -6.13%.Over the last four quarte ...

First Solar Q4'24 Earnings and 2025 Guidance Call February 25, 2025 | Important Information Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of historical fact, are forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning: demand ...

Core Insights - First Solar reported mixed financial results for Q4 2024, with revenue of $1.5 billion exceeding analyst expectations but EPS of $3.65 falling short [1][2][6] - The company achieved a 30% year-over-year revenue increase, driven by strong module sales, while gross profit rose to $567.7 million, a 13.1% increase from the previous year [3][6] Financial Performance - Q4 2024 metrics included EPS of $3.65 (expected $4.63), revenue of $1.51 billion (expected $1.48 billion), gross profit of $567.7 million, and net income of $393.1 million [3][6] - Year-over-year changes showed EPS increased by 12.3%, revenue by 30%, gross profit by 13.1%, and net income by 12.6% [3] Company Overview - First Solar specializes in thin-film photovoltaic solar modules, utilizing advanced cadmium telluride (CdTe) technology, which offers better temperature coefficients and reduced material usage compared to traditional silicon panels [4] - The company is expanding its manufacturing capabilities and geographic reach, with new facilities in Alabama and ongoing construction in Louisiana [5] Challenges and Market Conditions - Despite revenue growth, First Solar faces challenges in maintaining profitability due to cost management issues and increased market competition, particularly in regions like India [2][8] - Regulatory dependencies, such as potential changes to supportive policies like the Inflation Reduction Act, pose additional risks to profitability [8] Future Outlook - Management forecasts net sales for 2025 between $5.3 billion and $5.8 billion, with anticipated EPS of $17 to $20, driven by increased production capacity and strong market demand [10] - The company expects to sell 18 to 20 gigawatts (GW) in 2025, with projected contributions from production credits under the Inflation Reduction Act between $1.65 billion and $1.7 billion [10] Strategic Focus - First Solar is committed to innovation, investing in its CuRe production line and enhancing R&D efforts to maintain technological differentiation [7] - The company emphasizes sustainability through recycling initiatives, aligning with global demands for eco-efficient products [7]