First Solar, Inc. (NASDAQ:FSLR) – Investment analysts at KeyCorp issued their Q3 2021 EPS estimates for First Solar in a research note issued to investors on Monday, September 20th. KeyCorp analyst S. Karp expects that the solar cell manufacturer will post earnings per share of $0.77 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for First Solar’s Q4 2021 earnings at $0.70 EPS, FY2021 earnings at $4.21 EPS, FY2022 earnings at $2.72 EPS, FY2023 earnings at $3.86 EPS, FY2024 earnings at $4.44 EPS and FY2025 earnings at $5.03 EPS.
First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, July 29th. The solar cell manufacturer reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.17. The company had revenue of $629.18 million during the quarter, compared to the consensus estimate of $632.03 million. First Solar had a return on equity of 10.05% and a net margin of 18.96%. During the same period last year, the business posted $0.35 EPS.
Shares of FSLR opened at $91.15 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.77 and a quick ratio of 3.86. The stock has a 50-day moving average of $93.28 and a 200-day moving average of $85.25. The company has a market cap of $9.69 billion, a PE ratio of 17.33, a P/E/G ratio of 2.13 and a beta of 1.30. First Solar has a one year low of $60.40 and a one year high of $112.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in shares of First Solar by 627.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 291 shares of the solar cell manufacturer’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in First Solar in the first quarter worth $26,000. Certified Advisory Corp purchased a new position in First Solar in the first quarter worth $38,000. Eaton Vance Management purchased a new position in First Solar in the first quarter worth $39,000. Finally, Penserra Capital Management LLC grew its position in First Solar by 141.3% in the second quarter. Penserra Capital Management LLC now owns 514 shares of the solar cell manufacturer’s stock worth $45,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 73.18% of the company’s stock.
In other First Solar news, Director R Craig Kennedy sold 550 shares of the business’s stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $89.03, for a total transaction of $48,966.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Markus Gloeckler sold 2,048 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $94.65, for a total transaction of $193,843.20. Following the sale, the chief technology officer now directly owns 2,884 shares in the company, valued at approximately $272,970.60. The disclosure for this sale can be found here. Insiders sold a total of 39,827 shares of company stock worth $3,694,772 in the last ninety days. 0.55% of the stock is currently owned by insiders.
About First Solar
First Solar, Inc engages in designing, manufacturing, marketing, and distribution of photovoltaic solar power systems and solar modules. It operates through the Modules and Systems segments. The Modules segment involves in the design, manufacture, and sale of cadmium telluride solar modules, which convert sunlight into electricity.
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