First Solar Raises Guidance, Shares Outperform in 2025

First Solar reported Q2 2025 earnings of $3.18 per share and revenue of $1.10 billion, both exceeding analyst expectations, though earnings declined year-over-year due to higher operating expenses. The company raised its full-year 2025 sales outlook to $4.9–$5.7 billion and narrowed its earnings guidance to $13.50–$16.50 per share. Revenue gains were primarily driven by increased sales volume of solar modules to third parties. CEO Mark Widmar highlighted favorable policy and trade developments that have strengthened First Solar’s position in the industry. Despite facing challenges from tariffs, analysts note the company’s focus on utility-scale solar, which is less impacted by recent U.S. tax law changes, as a key strength. First Solar's shares outperformed competitors and moved into positive territory for the year.