Shares of First Solar (FSLR) surged 5.31% in after-hours trading on Thursday following the release of the company's second-quarter earnings report, which exceeded analysts' expectations. The solar panel manufacturer reported robust financial results and raised its full-year guidance, signaling strong confidence in its future performance.
First Solar announced second-quarter earnings of $3.18 per share, surpassing the analyst consensus estimate of $2.60 by 22.31%. While this represents a slight decrease from $3.25 per share in the same period last year, it significantly outperformed market expectations. The company's revenue for the quarter reached $1.10 billion, up 8.6% year-over-year and beating analysts' projections of $1.03 billion.
In a move that further bolstered investor confidence, First Solar raised its full-year 2025 guidance. The company now expects net sales between $4.9 billion and $5.7 billion, up from its previous forecast of $4.5 billion to $5.5 billion. Additionally, First Solar narrowed its earnings per share guidance to a range of $13.50 to $16.50, compared to the earlier projection of $12.50 to $17.50. CEO Mark Widmar attributed the company's strong position to recent policy and trade developments, which he believes have strengthened First Solar's standing in the solar manufacturing industry.
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