The residential solar provider said its unrestricted cash, operating cash flows, and existing financing agreements were “not sufficient to meet obligations and fund operations.”
The renewable energy company posted a loss of $3.52 per share for the fourth quarter, far exceeding the consensus estimate of a $1.50 per share loss.
/First%20Solar%20Inc%20name%20on%20building-by%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
While First Solar has underperformed relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects.
Last month, we reported yet another perovskite breaththrough as solar panels continue making impressive ...
/First%20Solar%20Inc%20logo%20and%20stock%20price-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
First Solar has outperformed its industry peers over the past year, and analysts are maintaining a highly optimistic outlook about the stock's potential.
CEO Shawn Qu noted that the solar industry faces significant challenges, and while the company achieved relatively strong results, the outlook remains complex.
Retail investors are waiting on management commentary around potential tariffs and their impact on the company’s already falling revenue.
Citi believes that the gains “may be temporary” and the sale may not be enough to address SolarEdge’s financial woes.
Solar stocks, including First Solar (NASDAQ: FSLR), have faced significant pressure and selling due to potential policy shifts under a Trump-led administration.
Analysts at Morgan Stanley and Barclays pointed to demand weakness and regulatory challenges as key factors that could lead to a deterioration of margins and cash flow in the coming quarters.