First Solar Stock Poised for Volatile Earnings Reaction Ahead of Q2 2025 Report

First Solar (FSLR) is set to report Q2 2025 earnings after the closing bell tonight. Analysts expect revenues of $1.04 billion and EPS of $2.68. Heading into the release, FSLR stock is down 10% from its year-to-date high and has underperformed the broader equities market in 2025. Options traders are expecting a bigger-than-usual price swing of 6.14% in either direction.

First Solar (FSLR), a leading solar technology company, is scheduled to release its Q2 2025 earnings after the market closes tonight. Analysts are expecting revenues of $1.04 billion and earnings per share (EPS) of $2.68. Heading into the earnings release, FSLR stock has been trading down 10% from its year-to-date high, underperforming the broader equities market in 2025. Options traders are anticipating a significant price swing of 6.14% in either direction post-earnings [4].

The company's strategic focus on expanding U.S. manufacturing capacity has been advantageous, particularly with the benefit of Section 45X tax credits for domestically manufactured modules. However, First Solar faces challenges from lower capacity utilization at its Malaysian and Vietnam facilities due to U.S. tariff impacts, and a shift in sales mix toward the lower-priced Indian market could pressure margins. Despite these headwinds, First Solar's strong project pipeline and healthy balance sheet suggest potential for continued growth [4].

Recent analyst actions have been largely positive, with Susquehanna, J.P. Morgan, and Bank of America all raising their respective price targets within the past week. FSLR is currently rated a "Strong Buy" with an average price target of $205.37. However, domestic energy policy remains a potential wild card that could contribute to headline-driven volatility in the near term [4].

First Solar's ability to execute on its capacity expansion plans and optimize its global manufacturing footprint will be critical factors for the stock's performance. Investors with a long-term time frame may want to consider FSLR shares around current levels, given the stock's historically discounted forward adjusted earnings multiple of 11.74 [4].

References:
1. [https://finance.yahoo.com/news/first-solar-stock-jumps-q2-200818251.html](https://finance.yahoo.com/news/first-solar-stock-jumps-q2-200818251.html)
2. [https://finance.yahoo.com/quote/FSLR/](https://finance.yahoo.com/quote/FSLR/)
3. [https://www.investopedia.com/first-solar-stock-jumps-as-firm-lifts-full-year-sales-outlook-11783306](https://www.investopedia.com/first-solar-stock-jumps-as-firm-lifts-full-year-sales-outlook-11783306)
4. [https://finance.yahoo.com/news/first-solar-stock-looks-cheap-151823172.html](https://finance.yahoo.com/news/first-solar-stock-looks-cheap-151823172.html)