By Avi Salzman
First Solar, the country's largest solar manufacturer, said that tariffs will significantly reduce revenue and earnings this year, sending the stock down 11% in after-hours trading.
First Solar missed Wall Street's consensus expectation for the first quarter, reporting earnings of $1.95 a share versus the projection of $2.49 a share.
The company also revised guidance sharply lower. It said that tariffs could reduce its 2025 revenue from a range of $5.3 billion to $5.8 billion to a range of $4.5 billion to $5.5 billion. It reduced its earnings per share expectations from a range of $17 to $20 to a range of $12.50 to $17.50.
Write to Avi Salzman at avi.salzman@barrons.com
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(END) Dow Jones Newswires
April 29, 2025 16:34 ET (20:34 GMT)
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