First Solar, Inc. (FSLR) Issues Quarterly Earnings Results, Beats Estimates By $1.11 EPS

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

Shares of First Solar (NASDAQ FSLR) traded up $1.05 during mid-day trading on Friday, reaching $61.59. The company had a trading volume of 1,952,600 shares, compared to its average volume of 3,461,407. The company has a market capitalization of $6,432.03, a PE ratio of 15.10 and a beta of 1.99. First Solar has a 52-week low of $25.56 and a 52-week high of $62.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85.

COPYRIGHT VIOLATION WARNING: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at

Several equities research analysts recently weighed in on FSLR shares. Zacks Investment Research downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. Axiom Securities reaffirmed a “buy” rating on shares of First Solar in a report on Thursday, August 10th. Deutsche Bank AG raised shares of First Solar from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $65.00 in a report on Friday, September 15th. Robert W. Baird reissued a “hold” rating and issued a $50.00 price target on shares of First Solar in a report on Friday, September 1st. Finally, Vetr downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating and set a $51.52 price target for the company. in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.61.

First Solar Company Profile

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's FREE daily email newsletter.

Leave a Reply