TheStreet reiterated their hold rating on shares of First Solar (NASDAQ:FSLR) in a research report released on Monday morning, AR Network reports.
“First Solar (FSLR) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.,” TheStreet’s analyst commented.
FSLR has been the subject of a number of other recent research reports. Analysts at Argus raised their price target on shares of First Solar from $51.00 to $70.00 in a research note to investors on Friday, November 8th. They now have a buy rating on the stock. Separately, analysts at UBS AG raised their price target on shares of First Solar from $48.00 to $55.00 in a research note to investors on Friday, November 1st. They now have a neutral rating on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of First Solar from $40.00 to $47.00 in a research note to investors on Friday, November 1st. They now have a neutral rating on the stock. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $41.10.
Shares of First Solar (NASDAQ:FSLR) traded down 4.17% during mid-day trading on Monday, hitting $60.2501. 3,586,896 shares of the company’s stock traded hands. First Solar has a 1-year low of $23.41 and a 1-year high of $65.99. The stock has a 50-day moving average of $52.02 and a 200-day moving average of $46.71. The company has a market cap of $5.991 billion and a P/E ratio of 13.06.
First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $1.32. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $988.63 million. During the same quarter last year, the company posted $1.27 earnings per share. First Solar’s revenue was up 50.8% compared to the same quarter last year. Analysts expect that First Solar will post $4.36 EPS for the current fiscal year.
First Solar, Inc manufactures and sells photovoltaic (NASDAQ:FSLR) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems.
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