Needham & Company Reaffirms Hold Rating on First Solar (FSLR)

By admin | 6 years ago

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

FSLR has been the subject of a number of other recent research reports. 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. Separately, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of First Solar from $30.00 to $17.00 in a research note to investors on Tuesday, April 24th. Finally, analysts at Maxim Group downgraded shares of First Solar from a “hold” rating to a “sell” rating in a research note to investors on Monday, April 23rd. They now have a $9.00 price target on the stock.

First Solar traded up 4.31% on Friday, hitting $17.67. First Solar has a 52-week low of $17.81 and a 52-week high of $142.22. The company’s market cap is $1.532 billion.

First Solar last posted its quarterly earnings results 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. 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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