First Solar (FSLR) to Release Earnings on Thursday

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

Shares of First Solar (FSLR) opened at $65.24 on Thursday. The company has a quick ratio of 6.47, a current ratio of 6.85 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 company has a market capitalization of $6,810.00, a price-to-earnings ratio of -15.68 and a beta of 2.08.

Several equities research analysts have commented on the company. Zacks Investment Research raised First Solar from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, January 2nd. Vetr downgraded First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 target price on the stock. in a report on Thursday, January 11th. BidaskClub downgraded First Solar from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $65.00 target price on shares of First Solar in a report on Friday, December 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $53.00 price target on shares of First Solar in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $66.60.

In related news, CEO Mark R. Widmar sold 20,270 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the sale, the chief executive officer now owns 100,754 shares in the company, valued at $6,488,557.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Raffi Garabedian sold 11,284 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $70.06, for a total value of $790,557.04. Following the sale, the insider now owns 9,227 shares of the company’s stock, valued at approximately $646,443.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,858 shares of company stock valued at $3,134,015. 0.58% of the stock is owned by company insiders.

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About First Solar

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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