First Solar (NASDAQ:FSLR – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $13.00-13.50 for the period, compared to the consensus earnings per share estimate of $13.49. The company issued revenue guidance of $4.1-4.25 billion, compared to the consensus revenue estimate of $4.44 billion.
First Solar Trading Down 2.6 %
NASDAQ FSLR traded down $5.38 during mid-day trading on Tuesday, reaching $199.65. 4,530,114 shares of the stock were exchanged, compared to its average volume of 2,398,710. The business’s fifty day simple moving average is $223.59 and its 200 day simple moving average is $223.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. The stock has a market capitalization of $21.37 billion, a PE ratio of 20.93, a PEG ratio of 0.34 and a beta of 1.44. First Solar has a 1-year low of $129.21 and a 1-year high of $306.77.
First Solar (NASDAQ:FSLR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.56. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 earnings per share. On average, research analysts anticipate that First Solar will post 13.39 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on FSLR
Insider Transactions at First Solar
In related news, insider Patrick James Buehler sold 8,619 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the transaction, the insider now directly owns 3,468 shares of the company’s stock, valued at approximately $769,896. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other First Solar news, insider Patrick James Buehler sold 8,619 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the sale, the insider now directly owns 3,468 shares in the company, valued at $769,896. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total transaction of $382,339.00. Following the transaction, the chief accounting officer now owns 500 shares of the company’s stock, valued at approximately $108,250. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,885 shares of company stock valued at $2,405,757. 0.58% of the stock is currently owned by corporate insiders.
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.
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