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First Solar Lifts 2025 Sales Outlook After Q2 Beat, Cites Tariffs for Higher Prices

The maker of cadmium telluride panels expects new import duties to lift prices ahead of Commerce Department tariff rulings.

Overview

  • Adjusted earnings in Q2 hit $3.18 per share, surpassing analyst forecasts of $2.66.
  • Revenue for the quarter reached $1.09 billion versus expectations of $1.04 billion.
  • Management raised its 2025 net sales guidance to $4.9 billion–$5.7 billion from $4.5 billion–$5.5 billion.
  • The company expects its panel prices to increase as U.S. import tariffs on foreign-made panels take effect.
  • Shares jumped over 5% in after-hours trading following the stronger-than-expected results and outlook.