First Solar (NASDAQ:FSLR – Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.11 per share for the quarter. First Solar has set its FY24 guidance at $13.00-14.00 EPS and its FY 2024 guidance at 13.000-14.000 EPS.Investors that wish to register for the company’s conference call can do so using this link.
First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.06. First Solar had a net margin of 25.03% and a return on equity of 13.80%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned ($0.07) EPS. The company’s revenue was up 15.5% compared to the same quarter last year. On average, analysts expect First Solar to post $14 EPS for the current fiscal year and $21 EPS for the next fiscal year.
First Solar Stock Up 2.2 %
First Solar stock opened at $180.10 on Wednesday. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 0.30 and a beta of 1.41. First Solar has a 52-week low of $129.21 and a 52-week high of $232.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.55. The firm has a 50 day moving average price of $162.27 and a two-hundred day moving average price of $156.68.
Insider Transactions at First Solar
Analyst Ratings Changes
Several research firms recently issued reports on FSLR. Mizuho lifted their price target on shares of First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Susquehanna reiterated a “positive” rating and set a $258.00 target price on shares of First Solar in a research note on Friday, April 5th. Wells Fargo & Company raised First Solar from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $187.00 to $250.00 in a report on Friday, April 19th. Roth Mkm reissued a “buy” rating and set a $230.00 price objective on shares of First Solar in a report on Thursday, April 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $195.00 target price on shares of First Solar in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, First Solar has an average rating of “Moderate Buy” and an average price target of $231.36.
Get Our Latest Stock Report on FSLR
About First Solar
First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.
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