AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Q4 2024 Net Sales: $1.5 billion, up $600 million from Q3, driven by higher module sales.
- Full-Year 2024 Net Sales: $4.2 billion, a 27% increase from $3.3 billion in 2023.
- Earnings per Share (EPS): $3.65 in Q4, bringing full-year EPS to $12.02.
- Net Cash Balance: Rose to $1.2 billion, up from $700 million in the previous quarter.
- 2025 Guidance: Revenue between $5.3 billion–$5.8 billion, with EPS forecasted at $17.00–$20.00.
- Volume Sold: Projected between 18 GW–20 GW in 2025.
First Solar, Inc. (Nasdaq:FSLR) ended 2024 on a high note, reporting a $1.5 billion surge in fourth-quarter sales — a 67% increase from the previous quarter, fueled by higher module sales. Full-year revenue reached $4.2 billion, up from $3.3 billion in 2023, as demand for the company’s solar modules grew steadily.
Profitability and Strengthened Balance Sheet
The company’s earnings per diluted share (EPS) hit $3.65 in Q4, contributing to a full-year EPS of $12.02. Meanwhile, First Solar’s net cash balance climbed to $1.2 billion, reflecting improved liquidity and operational efficiency.
2025 Outlook: Big Growth, Bigger Ambitions
First Solar is forecasting another year of growth, with 2025 guidance showing significant upside:
- Revenue: $5.3 billion–$5.8 billion
- Gross Margin: $2.45 billion–$2.75 billion
- Operating Income: $1.95 billion–$2.3 billion
- EPS: $17.00–$20.00
- Volume Sold: 18 GW–20 GW
Despite planning $1.3 billion–$1.5 billion in capital expenditures to expand capacity and enhance production capabilities, the company expects to maintain a net cash balance of $0.7 billion–$1.2 billion by year-end.