First Solar (FSLR) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $3.19 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.88%. A quarter ago, it was expected that this largest U.S. solar company would post earnings of $2.09 per share when it actually produced earnings of $2.50, delivering a surprise of 19.62%.Over the last four quarters, th ...

The global fight against climate change has fueled a surge in investor interest towards green energy stocks. Companies operating in the renewable energy sector, like wind, solar, hydrogen, electric vehicles (EVs) and energy storage continue to attract increased attention. Tesla (NASDAQ:TSLA) has been a big proponent of this interest, as the company has far outpaced the S&P 500 over the last decade. Now, a new wave of investors who seek to contribute to a greener future possess the potential to benefit from ...

First Solar Q4'23 Earnings and 2024 Guidance Call February 27, 2024 | 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 ...

Financial Performance - Fourth quarter net sales reached $1.2 billion, a $0.4 billion increase from the prior quarter, while full year net sales for 2023 totaled $3.3 billion, up from $2.6 billion in 2022[2][5] - Fourth quarter net income per diluted share was $3.25, and full year net income per diluted share was $7.74[3][5] - Gross profit for the year ended December 31, 2023, was $1,300,679, compared to $69,858 in 2022, indicating a significant improvement[16] - Operating income for Q4 2023 was $397,784, compared to a loss of $(45,906) in Q4 2022, reflecting a strong turnaround[16] - Net income for the year ended December 31, 2023, was $830,777, a substantial recovery from a loss of $(44,166) in 2022[19] - Cash provided by operating activities for the year 2023 was $602,260, down from $873,369 in 2022, indicating a decrease in cash flow[19] - The company reported a net cash increase of $471,607 for the year 2023, compared to $37,625 in 2022[19] - Interest income for the year 2023 was $97,667, significantly higher than $33,284 in 2022, indicating improved financial performance[16] Future Projections - 2024 net sales guidance is projected to be between $4.4 billion and $4.6 billion, with earnings per diluted share expected to be between $13.00 and $14.00[6][5] - Forecasted operating income for 2024 is estimated to be between $1.5 billion and $1.6 billion, including production start-up expenses of $85 million to $95 million[6][5] - Volume sold in 2024 is expected to be between 15.6 GW and 16.3 GW[6][5] Cash and Investments - Year-end net cash balance increased to $1.6 billion from $1.3 billion at the end of the prior quarter, primarily due to operating cash flows[4][5] - The company had cash, cash equivalents, and restricted cash of $1,965,069 at the end of 2023, up from $1,493,462 at the end of 2022[19] - The company plans to invest $1.7 billion to $1.9 billion in capital expenditures in 2024[6][5] Research and Development - Increased research and development investment is aimed at evolving technology and product roadmap, enhancing competitiveness in the solar market[5] - Research and development expenses for the year 2023 totaled $152,307, up from $112,804 in 2022, highlighting a focus on innovation[16] Sales and Bookings - The company achieved net bookings of 28.3 GW in 2023, with 2.3 GW booked since the third quarter earnings call at a base average selling price of 31.8 cents per watt[5] - Net sales for Q4 2023 reached $1,158,553, a 44.7% increase from $801,090 in Q3 2023 and a 15.6% increase from $1,002,391 in Q4 2022[16] Manufacturing and Capacity Expansion - First Solar is expanding manufacturing capacity with new facilities in Louisiana, Alabama, Ohio, and India, contributing to long-term growth strategy[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) Commission file number: 001-33156 First Solar, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 20-4623678 350 West Washington Street, Suite 600 None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check ...

First Solar, Inc. (FSLR) is slated to report fourth-quarter and full-year 2023 results on Feb 27, after the closing bell.In the last reported quarter, the company delivered an earnings surprise of 19.62%. First Solar has a trailing four-quarter average earnings surprise of 28.97%.  Factors to NoteThanks to solid contracts won by First Solar in the prior quarters, increased contract revenues must have bolstered its fourth-quarter sales. Ramp up in production of its Series 7 modules, backed by solid demand, a ...

First Solar released what is believed to be the first comprehensive economic analysis of a vertically integrated solar manufacturer’s value chain in the United States. (Photo: Business Wire)First Solar released what is believed to be the first comprehensive economic analysis of a vertically integrated solar manufacturer’s value chain in the United States. (Photo: Business Wire)TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) released what is believed to be the first comprehensive economic ana ...

First Solar (FSLR) ended the recent trading session at $142.89, demonstrating a -1.27% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.04%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.28%.Shares of the largest U.S. solar company witnessed a loss of 3.02% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 6.05% and the S&P 500's gain of 5.01%.The upcoming earnings release of First Solar will be ...

There are some solar stocks to sell that I believe will disappoint investors with their results. These companies are standing on shaky ground, with near-term headwinds battering their fundamentals and valuations.Investors should carefully consider the solar stocks to sell in this article. I believe there are far better opportunities for investors elsewhere. Here, I delve into the characteristics and challenges that may make certain solar stocks less attractive investments, especially in the near to mid-term ...

First Solar (FSLR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this largest U.S. solar company have returned +7.5%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Solar industry, which First Solar falls in, has gained 12.7%. The key question now is: What could be the stock's future direction? ...