Avian Upgrades First Solar to Positive (FSLR)

By admin | 6 years ago

First Solar (NASDAQ: FSLR) was upgraded by Avian from a “neutral” rating to a “positive” rating in a research note issued on Monday.

FSLR has been the subject of a number of other recent research reports. Analysts at Auriga downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Argus downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of First Solar in a research note to investors on Friday.

First Solar opened at 17.44 on Monday. First Solar has a 52-week low of $16.62 and a 52-week high of $142.22. The company’s market cap is $1.512 billion.

First Solar last posted its quarterly earnings results on Thursday, May 3rd. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.69. The company’s quarterly revenue was down 12.3% on a year-over-year basis. 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.

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