Shares of First Solar (FSLR) soared 7.08% in Friday's pre-market trading session following the company's impressive second-quarter 2025 financial results and an upward revision of its full-year guidance. The solar energy giant's performance exceeded market expectations, showcasing robust growth in the renewable energy sector.

First Solar reported Q2 net sales of $1.1 billion, surpassing analyst estimates of $1.02 billion. The company's diluted earnings per share came in at $3.18, significantly beating the market expectation of $2.60. In response to this strong performance, First Solar raised its 2025 net sales forecast to a range of $4.9 billion to $5.7 billion, up from the previous guidance of $4.5 billion to $5.5 billion.

CEO Mark Widmar attributed the company's strong position to recent policy and trade developments, including President Trump's tax and spending legislation. Widmar stated that these developments have strengthened First Solar's competitive advantage in solar manufacturing, particularly for its domestically produced solar panels in the United States. The positive outlook has prompted several Wall Street analysts to raise their price targets for First Solar, with TD Cowen increasing its target to $220 from $200, and Wells Fargo adjusting its target to $213 from $177.