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.
ILLEGAL ACTIVITY NOTICE: “First Solar (FSLR) Set to Announce Quarterly Earnings on Thursday” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/20/first-solar-fslr-set-to-announce-quarterly-earnings-on-thursday.html.
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.
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.