Equities analysts expect that First Solar, Inc. (NASDAQ:FSLR) will post $803.48 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for First Solar’s earnings, with the lowest sales estimate coming in at $782.50 million and the highest estimate coming in at $828.40 million. First Solar posted sales of $339.18 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 136.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that First Solar will report full-year sales of $2.39 billion for the current year, with estimates ranging from $2.34 billion to $2.53 billion. For the next year, analysts anticipate that the firm will post sales of $2.99 billion, with estimates ranging from $2.78 billion to $3.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover First Solar.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 25th. The solar cell manufacturer reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company had revenue of $676.22 million for the quarter, compared to the consensus estimate of $683.93 million. First Solar had a positive return on equity of 1.29% and a negative net margin of 17.98%.

A number of research firms have recently issued reports on FSLR. Goldman Sachs Group raised First Solar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $39.00 to $46.00 in a research report on Monday. BidaskClub downgraded First Solar from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. JPMorgan Chase & Co. set a $75.00 price target on First Solar and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research downgraded First Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Vertical Group raised First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.47.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Investment Advisory LLC lifted its stake in shares of First Solar by 2.2% during the 2nd quarter. Vident Investment Advisory LLC now owns 53,443 shares of the solar cell manufacturer’s stock worth $2,814,000 after purchasing an additional 1,162 shares during the last quarter. Lansdowne Partners UK LLP grew its holdings in First Solar by 147.5% during the second quarter. Lansdowne Partners UK LLP now owns 325,582 shares of the solar cell manufacturer’s stock worth $17,145,000 after acquiring an additional 194,033 shares during the period. Alps Advisors Inc. acquired a new stake in First Solar during the second quarter worth about $442,000. SFE Investment Counsel grew its holdings in First Solar by 35.7% in the third quarter. SFE Investment Counsel now owns 28,855 shares of the solar cell manufacturer’s stock valued at $1,397,000 after purchasing an additional 7,597 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in First Solar in the second quarter valued at approximately $113,000. Hedge funds and other institutional investors own 52.17% of the company’s stock.

Shares of First Solar stock opened at $43.71 on Friday. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.14 and a current ratio of 4.48. First Solar has a 52 week low of $36.51 and a 52 week high of $81.72.

About First Solar

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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