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Dec 31, 2024
First Solar Q4 2024 Earnings Report
First Solar reported strong revenue growth, higher module sales, and solid earnings in Q4 2024.
Key Takeaways
First Solar achieved net sales of $1.5 billion in Q4 2024, driven by increased module sales. The company reported net income of $393.1 million, with EPS of $3.65. Cash and cash equivalents stood at $1.6 billion at year-end.
Net sales increased to $1.5 billion, driven by higher module sales.
Net income was $393.1 million, with EPS of $3.65.
The company maintained a net cash balance of $1.2 billion.
Module production and shipment volumes reached record levels.
Forward Guidance
First Solar anticipates continued growth in 2025 with a focus on capacity expansion and innovation.
Positive Outlook
- Net sales projected to range between $5.3 billion and $5.8 billion.
- Earnings per share guidance of $17.00 to $20.00.
- Operating income forecasted at $1.95 billion to $2.30 billion.
- Increased volume sales projected between 18GW and 20GW.
- Capital expenditures expected to support growth in Alabama and Louisiana.
Challenges Ahead
- Potential impact from production start-up expenses.
- Ongoing ramp-up and underutilization costs.
- Cost pressures from supply chain disruptions.
- Uncertainty in global market demand.
- Potential volatility in Section 45X tax credit revenue.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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