Update: First Solar Shares Drop After Q3 Revenue Falls, 2026 Revenue Guidance Lowered

MT Newswires Live10-31 02:30

(Updates with the latest stock movement in the first paragraph and headline.)

First Solar (FSLR) shares were down about 3.4% in Friday trading after the company reported a drop in Q3 revenue and lowered its full-year revenue guidance.

The company reported Q3 earnings late Thursday of $5.30 per diluted share, compared with $4.24 a year earlier.

Analysts polled by FactSet expected $4.67.

Revenue for the three months ended Sept. 30 was $1.23 billion, compared with $1.59 billion a year earlier.

Analysts expected $1.29 billion.

The company said it now expects full-year revenue of $4.6 billion to $4.9 billion, compared with its previous guidance of $4.9 billion to $5.2 billion. Analysts expect $5.02 billion.

Price: 170.53, Change: -6.36, Percent Change: -3.60

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