From Financial Modeling Prep: 2024-10-29 20:42:00

First Solar (NASDAQ:FSLR) saw a 6% drop in shares due to third-quarter earnings missing expectations. Adjusted EPS was $2.91, below the $3.11 consensus, with revenue at $887.67 million, lower than the estimated $1.07 billion. The company revised full-year guidance to EPS of $13.00-$13.50 and revenue of $4.1-$4.25 billion.

The revenue dip was due to lower module sales volumes and a $50 million product warranty reserve. CEO Mark Widmar acknowledged challenges but stated progress despite industry volatility and political uncertainties. First Solar’s revised 2024 outlook is below previous estimates, reflecting ongoing challenges faced by the company.



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