First Solar Inc. (NASDAQ:FSLR) – Equities research analysts at Roth Capital cut their Q3 2017 earnings estimates for First Solar in a note issued to investors on Thursday. Roth Capital analyst P. Shen now anticipates that the firm will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.36. Roth Capital has a “Neutral” rating and a $40.00 price objective on the stock. Roth Capital also issued estimates for First Solar’s Q4 2017 earnings at $0.32 EPS.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Wednesday, November 2nd. The solar cell manufacturer reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.48. First Solar had a return on equity of 9.58% and a net margin of 14.72%. The business had revenue of $688 million for the quarter, compared to analyst estimates of $980.48 million. During the same period last year, the company earned $3.41 EPS. The firm’s revenue was down 45.9% on a year-over-year basis.

Earnings History and Estimates for First Solar (NASDAQ:FSLR)

Several other equities research analysts have also recently issued reports on the company. Avondale Partners cut First Solar from a “market perform” rating to an “underperform” rating in a research note on Thursday. JMP Securities upgraded shares of First Solar from an “underperform” rating to a “market perform” rating in a research report on Thursday. They noted that the move was a valuation call. Mizuho lowered their price objective on shares of First Solar from $46.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday. Credit Suisse Group AG restated a “neutral” rating and set a $50.00 price objective on shares of First Solar in a research report on Monday. Finally, Needham & Company LLC restated a “hold” rating on shares of First Solar in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.03.

First Solar (NASDAQ:FSLR) traded down 5.536% on Friday, hitting $29.435. The stock had a trading volume of 4,571,858 shares. First Solar has a 12-month low of $28.60 and a 12-month high of $74.29. The company has a market capitalization of $3.06 billion, a PE ratio of 6.013 and a beta of 2.20. The company has a 50 day moving average of $37.72 and a 200 day moving average of $42.93.

Several large investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its stake in shares of First Solar by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,924 shares of the solar cell manufacturer’s stock valued at $142,000 after buying an additional 11 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of First Solar by 0.4% in the third quarter. HBK Sorce Advisory LLC now owns 6,011 shares of the solar cell manufacturer’s stock valued at $237,000 after buying an additional 23 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of First Solar by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 7,812 shares of the solar cell manufacturer’s stock valued at $308,000 after buying an additional 41 shares during the last quarter. IBM Retirement Fund raised its stake in shares of First Solar by 0.6% in the second quarter. IBM Retirement Fund now owns 7,643 shares of the solar cell manufacturer’s stock valued at $371,000 after buying an additional 49 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in shares of First Solar by 1.2% in the second quarter. Scotia Capital Inc. now owns 4,459 shares of the solar cell manufacturer’s stock valued at $216,000 after buying an additional 55 shares during the last quarter. Institutional investors own 57.01% of the company’s stock.

First Solar Company Profile

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems.

5 Day Chart for NASDAQ:FSLR

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