First Solar, Inc.

🇺🇸NASDAQ Global Select
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First Solar, Inc. stock analysis FSLR overview
Somewhat Bullish +45

Renewable Energy Stocks Q1 Results: Benchmarking First Solar (NASDAQ:FSLR) - StockStory

📈 First Solar reported Q1 revenues of $1.04 billion, up 23.6% year-over-year, beating analyst consensus estimates by 1.4%.

💰 CEO Mark Widmar confirmed record first-quarter revenue and record sales in India during the earnings call.

📉 The company missed analysts' adjusted operating income estimates despite strong top-line growth.

🔮 First Solar provided its weakest full-year guidance update among the 17 renewable energy stocks tracked in the report.

📊 Adjusted EBITDA exceeded the top end of the first-quarter preview range, indicating margin expansion.

📈 Stock price has rallied 27.8% since reporting and currently trades at $257.93.

🌍 The broader renewable energy sector saw revenues beat consensus by 5.7% across 17 tracked companies.

📉 First Solar delivered the weakest full-year guidance update of the entire peer group reviewed in the article.

💼 CEO Widmar stated the company delivered a strong start to 2026 with meaningful margin expansion.

Bullish Signals
  • First Solar achieved record first-quarter revenue and record sales in India, signaling strong international demand.
  • The company reported meaningful margin expansion, contributing to Adjusted EBITDA exceeding the top end of its preview range.
  • Revenue growth of 23.6% year-over-year significantly outpaced the broader sector average beat of 5.7%.
  • Share price has appreciated 27.8% since the earnings report, reflecting positive market sentiment despite mixed operational metrics.
Risk Factors
  • First Solar missed analysts' adjusted operating income estimates, indicating a disconnect between revenue growth and profitability.
  • The company provided its weakest full-year guidance update among all peers in the renewable energy sector tracked by the report.
Full Analysis
First Solar (NASDAQ:FSLR) reported Q1 revenues of $1.04 billion, representing a 23.6% year-over-year increase that exceeded analyst expectations by 1.4%. CEO Mark Widmar highlighted record revenue, record sales in India, and meaningful margin expansion, noting that Adjusted EBITDA surpassed the top end of the company's preview range. Despite the strong top-line performance, the quarter was mixed for First Solar as it missed analysts' adjusted operating income estimates. The company provided its weakest full-year guidance update among a group of 17 renewable energy stocks tracked by the publication, which collectively beat revenue consensus estimates by 5.7%. Following the earnings report, First Solar's share price has risen 27.8% to trade at $257.93. The article contextualizes this performance within a broader sector trend where renewable energy stocks have gained an average of 15.9% since recent earnings results, driven by secular green energy trends and regulatory headwinds against traditional power generation. The report contrasts First Solar's mixed results with peers like Bloom Energy, which saw significant revenue growth and stock appreciation, and Plug Power, which posted revenue beats but missed operating income and EPS estimates. The article concludes by promoting a paid full analysis of the earnings results.