Several other analysts have also recently commented on the stock. Analysts at ThinkEquity cut their EPS estimates on shares of First Solar in a research note on Friday. They now have a “sell” rating and a $16.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of First Solar from $21.50 to $23.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, 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.
Shares of First Solar traded up 4.31% during mid-day trading on Friday, hitting $17.67. First Solar has a one year low of $17.81 and a one year high of $142.22. The company’s market cap is $1.532 billion.
First Solar last issued its quarterly 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. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. Analysts expect that First Solar will post $1.28 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.