First Solar was one of the best-performing stocks in the S&P 500 Friday after the company posted stronger-than-expected earnings and raised its 2025 sales outlook.

First Solar raised its annual sales forecast on Thursday, as the U.S. solar panel maker expects higher prices for its products following additional tariffs on foreign-made panels.

First Solar, Inc. (FSLR) reported second-quarter 2025 earnings of $3.18 per share, which were down 2.2% from the prior-year quarter’s figure of $3.25. The bottom line, however, surpassed the Zacks Consensus Estimate of $2.