First Solar, a leading solar panel manufacturer, saw its stock soar 10.02% on Wednesday's pre-market trading session. This surge followed the company's impressive financial results for 2024 and an encouraging outlook for 2025.
The strong performance was driven by record net sales of $4.2 billion in 2024, a 27% increase year-over-year. First Solar sold a record 14.1 gigawatts of solar modules, reflecting robust demand for its products. Additionally, the company exited 2024 with approximately 21 gigawatts of global manufacturing capacity, a significant increase from the previous year.
Looking ahead, First Solar provided an optimistic guidance for 2025, projecting net sales between $5.3 billion and $5.8 billion and earnings per diluted share in the range of $17 to $20. The company also expects to produce between 18 and 19 gigawatts of solar modules in 2025, further solidifying its position as a leading player in the renewable energy industry.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.