Cantor Fitzgerald Sets First Solar Price Target at $23.00 (FSLR)
Equities researchers at Cantor Fitzgerald raised their target price on shares of First Solar (NASDAQ: FSLR) from $21.50 to $23.00 in a report issued on Friday. The firm currently has a “hold” rating on the stock.
Shares of First Solar traded up 2.36% during mid-day trading on Friday, hitting $17.34. First Solar has a one year low of $17.81 and a one year high of $142.22. The company’s market cap is $1.504 billion.
First Solar last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.69. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, analysts predict that First Solar will post $1.28 earnings per share next quarter.
FSLR has been the subject of a number of other recent research reports. Analysts at DNB Markets upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at Needham & Company reiterated a “hold” rating on shares of First Solar in a research note to investors on Friday. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of First Solar to $21.00 in a research note to investors on Friday. They now have a “hold” rating on the stock.
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.