ETFs in Focus Post First Solar's Q4 Earnings Miss, Weak Sales View

Core Insights - First Solar Inc. (FSLR) shares fell 12.7% in after-hours trading on February 24, 2026, following mixed fourth-quarter 2025 results, missing earnings expectations while beating revenue estimates [1][5] - The company's revenue guidance for 2026 is below Wall Street estimates, indicating potential challenges ahead [1][7] Financial Performance - FSLR's fourth-quarter 2025 earnings missed the Zacks Consensus Estimate by 7.3%, while revenues exceeded the consensus by 7% [5] - Year-over-year, both top and bottom lines improved by double-digit percentages, driven by a significant increase in solar module sales volume [5] - The company reported a net cash balance of $2.4 billion, an increase of $0.9 billion from the previous quarter [6] Guidance and Market Conditions - FSLR expects revenues of $4.9-$5.2 billion in 2026, with the lower end reflecting a 5.8% year-over-year decline [7] - The company anticipates a financial impact of up to $135 million in 2026 due to new tariffs and is idling Southeast Asian factories to adapt to the trade environment [8] ETFs Exposure - Invesco Solar ETF (TAN) holds 6.69% of FSLR and has gained 14.7% year to date, charging 70 basis points in fees [10] - Virtus Duff & Phelps Clean Energy ETF (VCLN) includes FSLR at 5.69% of its holdings, with a year-to-date increase of 10.9% and fees of 59 basis points [11] - iShares Global Clean Energy ETF (ICLN) features FSLR at 6.06% of the fund, rising 11.6% year to date with fees of 39 basis points [12] - Global X CleanTech ETF (CTEC) has FSLR at 4.49% of its holdings, with an 11.3% year-to-date increase and fees of 50 basis points [13]