First Solar, Inc. (FSLR) Releases FY12 Earnings Guidance
First Solar, Inc. (FSLR) updated its FY12 earnings guidance on Thursday. The company provided EPS guidance of $4.40-4.70 for the period.
Several analysts have also recently commented on the stock. Analysts at Axiom Securities reiterated a sell rating on shares of First Solar in a research note to investors on Friday, October 19th. They now have a $9.00 price target on the stock. On a related note, analysts at Barclays Capital reiterated an equalweight rating on shares of First Solar in a research note to investors on Wednesday, October 17th. They now have a $18.00 price target on the stock. Finally, analysts at Bank of America reiterated a buy rating on shares of First Solar in a research note to investors on Tuesday, October 9th.
First Solar, Inc. (FSLR) traded up 1.85% on Thursday, hitting $24.7488. First Solar, Inc. (FSLR) has a 52-week low of $11.43 and a 52-week high of $55.28. The company’s market cap is $2.152 billion.
First Solar last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.20. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, analysts predict that First Solar, Inc. (FSLR) will post $4.43 earnings per share for the current fiscal year.
First Solar, Inc. manufactures and sells solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells photovoltaic (PV) solar power systems.
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