First Solar, Inc. (NASDAQ: FSLR) reported its fourth-quarter earnings for 2024, revealing a net income of $393.12 million and earnings per share (EPS) of $3.65. This EPS figure fell short of analysts' expectations, which were set at $4.71. However, the company surpassed revenue forecasts with net sales of $1.51 billion, exceeding the estimated $1.47 billion. Year-over-year, revenue grew by 30.72%, driven by increased module sales. For fiscal year 2025, First Solar anticipates revenues between $5.3 billion and $5.8 billion and an EPS range of $17.00 to $20.00. The company's net cash balance stood at $1.2 billion, and it confirmed net bookings for the fiscal year at 4.4 gigawatts (GW). Despite the earnings miss, First Solar's stock experienced a slight increase of 3.4% in pre-market trading following the announcement.