First Solar's Q3 Earnings Miss Estimates: To Hold or Fold the Stock?

First Solar Inc.’s (FSLR) third-quarter 2024 earnings and sales missed their respective Zacks Consensus Estimate. However, on a year-over-year basis, both top and bottom-line figures improved by double-digit, primarily backed by an increase in the volume of modules sold. The company has lowered its sales guidance for 2024, taking into account the termination of the Plug Power contract as well as unfavorable average selling prices of its modules in some markets, particularly India. First Solar has also narro ...