First Solar (FSLR) Releases FY 2019 Earnings Guidance

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First Solar (NASDAQ:FSLR) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.25-2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.56. The company issued revenue guidance of $3.25-3.45 billion, compared to the consensus revenue estimate of $3.27 billion.

A number of brokerages recently weighed in on FSLR. BidaskClub raised shares of First Solar from a sell rating to a hold rating in a research report on Friday, January 25th. Roth Capital decreased their price target on shares of First Solar to $60.00 and set a buy rating for the company in a research report on Friday, February 15th. Goldman Sachs Group raised shares of First Solar to a buy rating and set a $57.00 price target for the company in a research report on Wednesday, January 16th. Argus raised shares of First Solar from a hold rating to a buy rating and set a $60.00 price target for the company in a research report on Tuesday, December 4th. Finally, Barclays began coverage on shares of First Solar in a research report on Monday, January 7th. They set an overweight rating and a $63.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $65.18.

NASDAQ:FSLR traded up $0.26 on Thursday, reaching $51.95. The stock had a trading volume of 2,360,567 shares, compared to its average volume of 1,536,609. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.48 and a quick ratio of 4.14. The stock has a market cap of $5.46 billion, a P/E ratio of 20.06, a PEG ratio of 1.32 and a beta of 1.31. First Solar has a 12-month low of $36.51 and a 12-month high of $81.72.

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First Solar Company Profile

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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