First Solar rises as Q3 sales beat estimates

First Solar

31/10/2025 14:09

Updates

** U.S.-based solar panel maker First Solar's FSLR.O shares reach their highest since Sept 30, 2024; last up 10% at $256.95

** Co beat expectations for Q3 sales on Thursday, riding on strong demand for its products

** Co to build a new 3.7 GW U.S. factory, with production starting end-2026, ramping up through H1 2027

** FSLR posts Q3 net sales of $1.6 billion vs estimate of $1.56 billion - data compiled by LSEG

** Narrowed its 2025 sales forecast to between $4.95 billion and $5.2 billion from prior view of $4.9 billion to $5.7 billion

** "Q3 was challenged by contract terminations and a supply chain issue" contributing to the lower 2025 guidance - analysts at RBC Capital Markets

** Brokerage adds, FSLR is seeing pricing strength which could be more impactful to longer-term outlook

** Including session's moves, FSLR up 45.02% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))