
Solar panel manufacturer First Solar (NASDAQ: FSLR) will be announcing earnings results this Tuesday after the bell. Here’s what investors should know.
First Solar met analysts’ revenue expectations last quarter, reporting revenues of $1.59 billion, up 79.7% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations significantly.
Is First Solar a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting First Solar’s revenue to grow 3.8% year on year, slowing from the 30.7% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First Solar has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at First Solar’s peers in the renewable energy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 35.9%, beating analysts’ expectations by 18.7%, and American Superconductor reported revenues up 21.4%, topping estimates by 8%. Bloom Energy traded up 4.7% following the results while American Superconductor was down 6%.
Read our full analysis of Bloom Energy’s results here and American Superconductor’s results here.
There has been positive sentiment among investors in the renewable energy segment, with share prices up 7.1% on average over the last month. First Solar’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $280.20 (compared to the current share price of $242.45).
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