Overview
- Net income rose 45.7% to $455.9 million as net sales climbed 79.6% to $1.59 billion year over year.
- The company said growth was driven primarily by increased volumes of modules sold to third‑party customers.
- First Solar tightened its 2025 net sales outlook to $4.95 billion–$5.20 billion from a prior $4.90 billion–$5.70 billion range.
- Shares touched a 52‑week intraday high of $269.67 and closed up 14.28% at $267.99 following the earnings release.
- Analysts raised price targets after the results, and the quarter included a record 5.3 GW of sales with diluted EPS of $4.24 versus $4.23 expected.