First Solar, Inc. (NASDAQ:FSLR) Releases FY17 Earnings Guidance

First Solar, Inc. (NASDAQ:FSLR) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21. The company issued revenue guidance of $3.0-3.1 billion, compared to the consensus revenue estimate of $3.05 billion.

Several research analysts have commented on the stock. TheStreet raised shares of First Solar from a d+ rating to a c rating in a research note on Wednesday, July 19th. BidaskClub downgraded First Solar from a strong-buy rating to a buy rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a buy rating and set a $57.00 target price on shares of First Solar in a research report on Sunday, September 3rd. Roth Capital reiterated a buy rating and set a $60.00 target price on shares of First Solar in a research report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a hold rating and set a $53.00 target price on shares of First Solar in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. First Solar has a consensus rating of Hold and a consensus price target of $47.61.

Shares of First Solar, Inc. (NASDAQ FSLR) opened at $61.59 on Friday. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $62.57. The firm has a market capitalization of $6,432.03, a P/E ratio of 15.10 and a beta of 1.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The company’s revenue for the quarter was up 59.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. research analysts anticipate that First Solar, Inc. will post 2.47 EPS for the current year.

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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 and Estimates for First Solar (NASDAQ:FSLR)

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