First Solar Given New $67.00 Price Target at Robert W. Baird (FSLR)
Equities research analysts at Robert W. Baird raised their price objective on shares of First Solar (NASDAQ:FSLR) to $67.00 in a research note issued to investors on Monday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 27.04% from the company’s current price.
First Solar (NASDAQ:FSLR) traded up 6.39% during mid-day trading on Monday, hitting $56.11. 4,708,249 shares of the company’s stock traded hands. First Solar has a 52 week low of $24.46 and a 52 week high of $65.99. The stock’s 50-day moving average is $51.88 and its 200-day moving average is $49.87. The company has a market cap of $5.580 billion and a price-to-earnings ratio of 10.96.
First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.89 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.98 by $0.09. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $965.40 million. On average, analysts predict that First Solar will post $3.31 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company reiterated a “market perform” rating on shares of First Solar in a research note on Thursday, February 20th. Separately, analysts at FBR Capital Markets initiated coverage on shares of First Solar in a research note on Wednesday, February 19th. They set a “market perform” rating and a $55.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of First Solar in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. First Solar presently has an average rating of “Hold” and a consensus target price of $42.59.
First Solar, Inc manufactures and sells photovoltaic (NASDAQ:FSLR) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems.
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