First Solar, Inc. (NASDAQ:FSLR) shares slipped after the solar manufacturer delivered mixed quarterly results and outlined a cautious outlook tied to policy and trade uncertainty.
Management highlighted ongoing tariff pressures and a disciplined booking strategy even as it expands U.S. manufacturing and advances next-generation solar technology.
Earnings Snapshot
On Tuesday, the company reported earnings of $4.84 per share, which missed the consensus estimate of $5.14.
Quarterly sales of $1.68 billion, which beat the Street estimate of $1.56 billion and were up from $1.51 billion in the same period last year. First Solar said the increase was driven by an increase in the volume of modules sold in the fourth quarter.
First Solar sees fiscal 2026 revenue in a range of $4.9 billion to $5.2 billion, versus the $6.12 billion analyst estimate.
Analyst Ratings
Susquehanna analyst Biju Perincheril maintains a Positive rating on the stock, lowering the price target from $292 to $280.
Baird analyst Ben Kallo downgrades First Solar from Outperform to Neutral and lowers the price target from $264 to $205.
RBC Capital analyst Christopher Dendrinos maintains an Outperform rating, lowering the price target from $258 to $236.
Conference Call Takeaways
In its quarterly conference …