First Solar (FSLR) Releases FY18 Earnings Guidance
First Solar (NASDAQ:FSLR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.25-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of $2.3-2.5 billion, compared to the consensus revenue estimate of $2.39 billion.
A number of research firms have recently weighed in on FSLR. Deutsche Bank lifted their price target on First Solar to $75.00 and gave the company a buy rating in a report on Wednesday. Cowen reaffirmed an outperform rating and set a $77.00 price target (up previously from $60.00) on shares of First Solar in a report on Wednesday. Vetr raised First Solar from a buy rating to a strong-buy rating and set a $65.10 price target on the stock in a report on Monday. ValuEngine lowered shares of First Solar from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Finally, Needham & Company LLC reiterated a buy rating and set a $65.00 price objective on shares of First Solar in a research note on Friday, December 1st. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $57.51.
First Solar (FSLR) opened at $63.24 on Thursday. First Solar has a 12 month low of $25.56 and a 12 month high of $65.43. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $6,392.34, a P/E ratio of 15.00 and a beta of 2.03.
About First Solar
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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