Canaccord Genuity Gives Hold Rating to First Solar (FSLR)

By admin | 6 years ago

First Solar (NASDAQ: FSLR)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday.

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.

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