TheStreet reiterated their hold rating on shares of First Solar (NASDAQ:FSLR) in a research report released on Wednesday morning, AmericanBankingNews.com reports.
“First Solar (FSLR) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.,” TheStreet’s analyst commented.
Shares of First Solar (NASDAQ:FSLR) opened at 58.15 on Wednesday. First Solar has a 52 week low of $24.46 and a 52 week high of $65.99. The stock’s 50-day moving average is $52.75 and its 200-day moving average is $50.54. The company has a market cap of $5.787 billion and a price-to-earnings ratio of 15.60.
First Solar (NASDAQ:FSLR) last released its earnings data on Tuesday, February 25th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.98 by $0.09. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $965.40 million. Analysts expect that First Solar will post $3.27 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FSLR. Analysts at Thomson Reuters/Verus upgraded shares of First Solar from a hold rating to a buy rating in a research note on Monday. Separately, analysts at Robert W. Baird upgraded shares of First Solar from a neutral rating to an outperform rating in a research note on Thursday, February 27th. They now have a $67.00 price target on the stock, up previously from $62.00. Finally, analysts at Goldman Sachs cut their price target on shares of First Solar from $45.00 to $42.00 in a research note on Wednesday, February 26th. They now have a sell rating on the stock. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. First Solar presently has a consensus rating of Hold and a consensus target price of $43.71.
First Solar, Inc manufactures and sells photovoltaic (NASDAQ:FSLR) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems.
To view TheStreet’s full report, visit TheStreet’s official website.
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