Why First Solar Stock Jumped Higher Today

Core Insights - First Solar stock is expected to gain significantly following strong Q3 2025 financial results and raised guidance for the year [1][4][5] - Analysts have responded positively, increasing their price targets for First Solar stock [5][8] Financial Performance - First Solar achieved a sales record of 5.3 gigawatts, reporting revenue of $1.59 billion for Q3 2025, surpassing analyst expectations of $1.57 billion [4] - The company reported diluted earnings per share (EPS) of $4.24, slightly above the expected $4.23 [4] Future Guidance - Management has revised its 2025 guidance upwards, projecting revenue between $4.95 billion and $5.2 billion, and diluted EPS between $14 and $15 [5] - Previous guidance was for revenue of $4.9 billion to $5.7 billion and diluted EPS of $13.50 to $16.50 [5] Analyst Reactions - TD Cowen raised its price target for First Solar to $260 from $240 [8] - Morgan Stanley increased its price target to $275 from $253 [8] - Roth Capital lifted its price target to $300 from $270 [8] Investment Considerations - First Solar shares are currently trading at a discount, with a cash flow multiple of 12.4 compared to a five-year average of 17.4 [6] - The stock is viewed as a potential opportunity for investors looking to enter the solar market [6][7]