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.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $859.22 million. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The firm’s quarterly revenue was up 59.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 earnings per share. research analysts expect that First Solar will post 2.47 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “First Solar (FSLR) Releases FY18 Earnings Guidance” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/12/07/first-solar-fslr-releases-fy18-earnings-guidance.html.

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.

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

Receive News & Stock Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related stocks with our FREE daily email newsletter.