First Solar (FSLR) Projected to Post Quarterly Earnings on Tuesday

First Solar (NASDAQ:FSLR) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $4.81 per share and revenue of $1.48 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First Solar Stock Down 5.3 %

Shares of NASDAQ FSLR opened at $155.39 on Monday. First Solar has a 52 week low of $141.70 and a 52 week high of $306.77. The business has a 50-day simple moving average of $176.11 and a two-hundred day simple moving average of $200.26. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The company has a market cap of $16.64 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.19 and a beta of 1.47.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FSLR shares. The Goldman Sachs Group decreased their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America decreased their price objective on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets reissued an “outperform” rating and set a $260.00 price objective (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Finally, Susquehanna reduced their price target on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $276.38.

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.