First Solar (FSLR) Updates FY18 Earnings Guidance

First Solar (NASDAQ:FSLR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.25-1.75 for the period, compared to the Thomson Reuters consensus earnings per share 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.

Shares of First Solar (NASDAQ FSLR) traded up $4.18 during trading hours on Tuesday, hitting $61.45. The stock had a trading volume of 4,249,800 shares, compared to its average volume of 2,760,666. The company has a market capitalization of $6,297.31, a P/E ratio of 14.78 and a beta of 2.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. First Solar has a 1 year low of $25.56 and a 1 year high of $63.10.

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

A number of research analysts have weighed in on the company. Axiom Securities reissued a buy rating on shares of First Solar in a report on Thursday, August 10th. JMP Securities set a $67.00 target price on First Solar and gave the company a buy rating in a report on Wednesday, August 16th. ValuEngine raised First Solar from a hold rating to a buy rating in a report on Friday, August 11th. Roth Capital set a $70.00 target price on First Solar and gave the company a buy rating in a report on Friday. Finally, Vetr raised First Solar from a buy rating to a strong-buy rating and set a $65.10 target price on the stock in a report on Monday. Twelve 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. First Solar currently has an average rating of Buy and an average target price of $53.91.

WARNING: “First Solar (FSLR) Updates FY18 Earnings Guidance” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at

First Solar Company Profile

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 & 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 companies with's FREE daily email newsletter.

Latest News

Leave a Reply