First SolarNASDAQ: FSLR

Pomerantz LLP is looking into claims for investors of First Solar, Inc. ("First Solar" or the "Company") (NASDAQ:FSLR) as of October 31, 2024. Investors who are interested should reach out to Danielle Peyton at [email protected] or call 646-581-9980, ext.

Investors looking at solar stocks should avoid purchasing FSLR at the moment due to its high valuation. However, current owners might want to hold onto their shares because of positive forecasts.

First Solar, Inc. had a disappointing Q3 earnings report, missing both revenue and adjusted EPS expectations. The company is currently dealing with supply chain issues while facing strong competition from Chinese rivals. However, its long-term backlog is strong, highlighting positive prospects for the leader in utility-scale solar energy.

FSLR's earnings and revenues for the third quarter fell short of the Zacks Consensus Estimate by 6.1% and 17%, respectively.

First Solar, Inc. (NASDAQ:FSLR) will hold its Q3 2024 Results Conference Call on October 29, 2024, at 4:30 PM ET. The call will feature company representatives, including Richard Romero, Mark Widwar, and Alex Bradley, as well as analysts from various financial firms. You can listen to the live webcast on the Investors section of First Solar's website at investor.firstsolar.com.

First Solar (FSLR) reported quarterly earnings of $2.91 per share, which is lower than the Zacks Consensus Estimate of $3.10 per share. This is an increase from the earnings of $2.50 per share from the same period last year.

On Tuesday, First Solar, a U.S. solar panel manufacturer, reduced its sales expectations for this year. This comes despite the company reporting an increase in profits for the third quarter, which was boosted by higher prices due to new tariffs on imported panels.

TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) has released its financial results for the third quarter ending September 30, 2024. The company reported net sales of $0.9 billion, which is a $0.1 billion drop compared to the previous quarter. This decline was mainly due to a reduction in the amount of MW sold and a charge for product warranty reserves, although it was somewhat balanced by termination payments from specific customers in the U.S. and India.

NEW YORK--(BUSINESS WIRE)---- $FSLR #FirstSolar--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is looking into possible claims for those who bought shares of First Solar, Inc. (“First Solar” or “the Company”) (NASDAQ: FSLR). Investors who have purchased First Solar securities are invited to find more information and help with the investigation by visiting the firm's website: bgandg.com/FSLR. Investigation Details On October 10, 2024, analysts from Jefferies reduced their forecasts for First Solar's future performance.