Avian Securities Raises First Solar to Positive (FSLR)
First Solar (NASDAQ: FSLR) was upgraded by equities research analysts at Avian Securities to a “positive” rating in a research note issued to investors on Monday. The firm currently has a $30.00 price target on the stock.
A number of other firms have also recently commented on FSLR. Analysts at Avian upgraded shares of First Solar from a “neutral” rating to a “positive” rating in a research note to investors on Monday. Separately, analysts at Auriga downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at Argus downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research note to investors on Monday.
First Solar traded down 5.77% on Monday, hitting $16.65. First Solar has a 1-year low of $16.62 and a 1-year high of $142.22. The company’s market cap is $1.444 billion.
First Solar last released its earnings data on Thursday, May 3rd. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.69. First Solar’s revenue was down 12.3% compared to the same quarter last year. Analysts expect that First Solar will post $1.37 EPS next quarter.
First Solar, Inc. manufactures and sells solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells photovoltaic (PV) solar power systems.