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.

COPYRIGHT VIOLATION WARNING: “First Solar, Inc. (FSLR) Issues Quarterly Earnings Results” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/first-solar-inc-fslr-announces-quarterly-earnings-results.html.

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)

Receive News & Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply