First Solar Receives Average Recommendation of “Hold” from Analysts (NASDAQ:FSLR)
First Solar (NASDAQ:FSLR) has been given an average rating of “Hold” by the nineteen analysts that are covering the company, Analyst Ratings News reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $66.71.
First Solar (NASDAQ:FSLR) opened at 70.83 on Thursday. First Solar has a one year low of $35.59 and a one year high of $74.84. The stock’s 50-day moving average is $65.72 and its 200-day moving average is $63.72. The company has a market cap of $7.097 billion and a P/E ratio of 19.06.
First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.33. The company had revenue of $544.40 million for the quarter, compared to the consensus estimate of $795.88 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that First Solar will post $2.60 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of First Solar from $48.00 to $56.00 in a research note on Wednesday, August 6th. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of First Solar in a research note on Wednesday, August 6th. Finally, analysts at Needham & Company LLC upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $75.00 price target on the stock.
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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