First Solar, Inc. (FSLR) Issues Quarterly Earnings Results

First Solar, Inc. (NASDAQ:FSLR) announced its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate of $0.84 by $1.11, Bloomberg Earnings reports. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $859.22 million. During the same period in the prior year, the company earned $1.22 EPS. The company’s revenue was up 59.5% on a year-over-year basis. First Solar updated its FY17 guidance to $2.40-2.60 EPS.

First Solar (NASDAQ FSLR) opened at $61.59 on Friday. First Solar has a 52 week low of $25.56 and a 52 week high of $62.57. The stock has a market capitalization of $6,432.03, a P/E ratio of 15.10 and a beta of 1.99. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06.

A number of brokerages have recently weighed in on FSLR. Zacks Investment Research lowered First Solar from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded First Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. JMP Securities set a $67.00 target price on First Solar and gave the company a “buy” rating in a research note on Wednesday, August 16th. Vetr cut First Solar from a “buy” rating to a “sell” rating and set a $46.69 target price for the company. in a research note on Monday, July 31st. Finally, TheStreet upgraded First Solar from a “d+” rating to a “c” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. First Solar currently has a consensus rating of “Hold” and a consensus target price of $47.61.

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About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Earnings History for First Solar (NASDAQ:FSLR)

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