First Solar, Inc. (NASDAQ:FSLR) reported mixed fourth-quarter results on Tuesday, but Truist Securities analyst Jordan Levy highlighted the company's topline guidance as the most important factor in the report.
Expert Ideas: First Solar issued fiscal 2025 net sales guidance of $5.3 billion to $5.8 billion, versus Truist's estimate of $5.55 billion. The guidance was particularly positive in light of prior concerns around project delays, Levy said.
Read Next: Tesla Competes Against Chinese Rivals ‘With One Hand Tied Behind Its Back’: Analyst
The company shipped 5.1 GW of panels in the quarter, which was in line with Truist's expectations, and reported a backlog of 68.5 GW through 2030.
First Solar CEO Mark Widmar addressed both figures in the earnings press release.
"Even as we maintained a highly selective approach to bookings, we expanded manufacturing capacity by commissioning our Alabama facility and progressed construction of our new Louisiana facility, established the infrastructure we anticipate will accelerate innovation with a new R&D center in Ohio, and produced and shipped a historic volume of modules," Widmar added.
The Truist analyst also highlighted two separate press releases from the company. The first announced that First Solar has initiated legal action against JinkoSolar for alleged infringement of its TOPCon technology patents. The other announced a licensing deal with Talon PV, which will utilize First Solar's TOPCon technology at its U.S. manufacturing facility.
Levy maintained First Solar stock with a Buy rating, but lowered the price target from $300 to $285.
Other analysts updated coverage on First Solar following the print, including:
FLSR Price Action: According to Benzinga Pro, First Solar shares are up 8.4% at $159.95 at the time of publication Wednesday.
Read Next:
Image: Shutterstock
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。