First Solar Q3 Revenue Grew 79.7% but Guidance Missed, Q4 Growth Seen at 3.8%
First Solar previously reported Q3 revenue of $1.59 billion, up 79.7% year-on-year, but its full-year revenue and EPS guidance fell notably short of analysts’ forecasts. For Q4, revenue growth is projected at 3.8% year-on-year, slowing sharply from 30.7% a year earlier, while peers exhibited stronger gains.
1. Q3 Financial Results
First Solar recorded Q3 revenue of $1.59 billion, a 79.7% increase year-on-year, but its full-year revenue guidance and EPS outlook significantly missed analysts’ forecasts, raising investor concerns about near-term profitability.
2. Q4 Revenue Outlook
Analysts project Q4 revenue growth of 3.8% year-on-year, a sharp deceleration from the 30.7% rise in the same quarter last year, reflecting a slowdown in project deployments and potential margin pressures.
3. Peer Comparison and Analyst Targets
Bloom Energy delivered 35.9% Q4 revenue growth and American Superconductor reported 21.4% gains, both topping estimates, while First Solar’s shares remained flat as analysts maintain an average price target of $280.20 against the current $242.45.