First Solar (FSLR) Set to Announce Quarterly Earnings on Thursday

First Solar (NASDAQ:FSLR) will announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.32) per share for the quarter.

First Solar (NASDAQ:FSLR) opened at $65.85 on Tuesday. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. First Solar has a 1-year low of $25.56 and a 1-year high of $76.61. The firm has a market cap of $6,876.91, a P/E ratio of -15.03 and a beta of 2.09.

Several equities analysts have weighed in on FSLR shares. Zacks Investment Research raised shares of First Solar from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, January 2nd. Vetr raised shares of First Solar from a “sell” rating to a “hold” rating and set a $66.50 price target on the stock in a report on Thursday, December 14th. Guggenheim reaffirmed a “neutral” rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Goldman Sachs Group reaffirmed a “neutral” rating and set a $65.00 price target (up previously from $50.00) on shares of First Solar in a report on Thursday, November 30th. Finally, Cowen reaffirmed an “outperform” rating and set a $77.00 price target (up previously from $60.00) on shares of First Solar in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.60.

In other news, CEO Mark R. Widmar sold 20,270 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $64.40, for a total value of $1,305,388.00. Following the transaction, the chief executive officer now owns 100,754 shares of the company’s stock, valued at $6,488,557.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Raffi Garabedian sold 11,284 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the completion of the transaction, the insider now directly owns 9,227 shares in the company, valued at approximately $646,443.62. The disclosure for this sale can be found here. Insiders sold 46,858 shares of company stock worth $3,134,015 in the last three months. Insiders own 0.58% of the company’s stock.

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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)

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