First Solar, Inc. (NASDAQ:FSLR) is considered one of the best sustainability stocks to invest in, despite releasing a dismal full-year guidance on October 30. The company announced revenue of $1.59 billion, slightly exceeding estimates, but adjusted earnings per share fell short at $4.24.
First Solar lowered its revenue prediction for 2025 and earnings expectations, citing operational issues like supply chain disruptions. However, the company’s net cash position increased from $0.6 billion to $1.5 billion, driven by working capital improvements and higher cash receipts.
KeyBanc analyst Sophie Karp raised First Solar’s price target to $150 from $100, citing results in line with expectations. The firm maintained an Overweight rating, acknowledging operational challenges but seeing potential. The company is an American solar technology firm and global supplier of eco-efficient solar modules.
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Read more at Yahoo Finance: KeyBanc Raises First Solar (FSLR) Price Target After Mixed Earnings and Lower FY25 Outlook
