First Solar (NASDAQ:FSLR) shares rose more than 5% after the solar technology firm delivered second-quarter earnings and revenue that beat analyst forecasts, driven by increased sales of solar modules.
The company posted adjusted earnings of $3.18 per share, topping the $2.66 consensus by nearly 20%. Revenue came in at $1.1 billion, up 30% from the previous quarter and ahead of the $1.04 billion analyst estimate.
Growth was attributed to higher volumes of third-party solar module shipments. CEO Mark Widmar said recent policy and trade changes have enhanced First Solar’s industry positioning, citing utility-scale solar as cost-competitive and fast to deploy.
First Solar maintained the midpoint of its 2025 EPS forecast at $13.50 to $16.50. The company also raised its full-year revenue guidance to between $4.9 billion and $5.7 billion, up from a prior range of $4.5 billion to $5.5 billion.
