First Photo voltaic This fall Earnings Preview: Gross sales, Web Bookings To Watch – First Photo voltaic (NASDAQ:FSLR)

First Photo voltaic, Inc. FSLR is ready to report its fourth-quarter outcomes after Tuesday’s closing bell. Here is a take a look at what to count on within the report. 

What To Watch: Traders can be on the lookout for updates on First Photo voltaic’s internet bookings which had been 4.0 GW year-to-date final quarter and solely 0.4 GW development within the third quarter. 

Wall Avenue may also have an interest within the firm’s steerage heading into fiscal 2025. First Photo voltaic lowered its fiscal 2024 internet gross sales forecast to a variety of $4.1 billion to $4.25 billion, versus the $4.44 billion estimate, final quarter. 

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The corporate additionally lowered its full-year earnings forecast from between $13 and $14 per share to between $13 and $13.50 per share, versus the $13.49 estimate.

First Photo voltaic executives might present commentary on the political local weather and new Vitality Secretary Chris Wright, whose background within the fossil gas business and his views on local weather change and renewable vitality might be of concern. 

Analysts Weigh In: First Photo voltaic inventory has a consensus worth goal of $278.71 based mostly on the rankings of 25 analysts.  The excessive is $367, issued by Morgan Stanley in November 2024 and the low is $209, issued by Wells Fargo on Jan. 8, 2025. 

Mizuho analyst Maheep Mandloi upgraded First Photo voltaic shares from Impartial to Outperform and raised the value goal from $218 to $259 in mid-February. 

In response to estimates from Benzinga Professional, analysts count on the corporate to report quarterly earnings of $4.71 per share on income of $1.47 billion. 

FSLR Value Motion: In response to Benzinga Professional, First Photo voltaic shares ended Monday’s session down 1.63% at $152.91. 

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