First Solar Q4 Earnings Preview: Strong Growth Expected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FSLR?
Source: seekingalpha
- Strong Earnings Expectations: First Solar is projected to report Q4 earnings per share of $5.24, reflecting a year-over-year increase of approximately 44%, with expected revenues of $1.57 billion, indicating robust growth potential in the solar market.
- Manufacturing Capacity Expansion: The company is establishing a new 3.7-GW panel facility in Gaffney, South Carolina, expected to commence operations in the second half of 2026, while also opening an $1.1 billion plant in Louisiana, aiming to increase total annual capacity to 17.7 GW by 2027.
- Growing Market Demand: Alphabet's acquisition of Intersect for $4.75 billion to enhance data center power capacity highlights the increasing energy demand linked to infrastructure served by First Solar, further driving business growth.
- Solid Financial Position: Analysts note that First Solar's EPS has grown at a 44.2% CAGR over the past five years, with a robust $16.4 billion contracted backlog, indicating a strong financial profile and a positive outlook for Q4 earnings.
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Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 241.880
Low
150.00
Averages
280.35
High
335.00
Current: 241.880
Low
150.00
Averages
280.35
High
335.00
About FSLR
First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 459 watts and 531 watts, respectively.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Strong Earnings Expectations: First Solar is projected to report Q4 earnings per share of $5.24, reflecting a year-over-year increase of approximately 44%, with expected revenues of $1.57 billion, indicating robust growth potential in the solar market.
- Manufacturing Capacity Expansion: The company is establishing a new 3.7-GW panel facility in Gaffney, South Carolina, expected to commence operations in the second half of 2026, while also opening an $1.1 billion plant in Louisiana, aiming to increase total annual capacity to 17.7 GW by 2027.
- Growing Market Demand: Alphabet's acquisition of Intersect for $4.75 billion to enhance data center power capacity highlights the increasing energy demand linked to infrastructure served by First Solar, further driving business growth.
- Solid Financial Position: Analysts note that First Solar's EPS has grown at a 44.2% CAGR over the past five years, with a robust $16.4 billion contracted backlog, indicating a strong financial profile and a positive outlook for Q4 earnings.
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