First Solar, Inc. (NASDAQ:FSLR – Free Report) – Research analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for shares of First Solar in a research report issued on Wednesday, January 15th. Seaport Res Ptn analyst T. Curran now expects that the solar cell manufacturer will post earnings per share of $13.23 for the year, down from their previous estimate of $13.52. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for First Solar’s current full-year earnings is $13.09 per share. Seaport Res Ptn also issued estimates for First Solar’s Q4 2024 earnings at $4.87 EPS.
First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
View Our Latest Stock Report on First Solar
First Solar Stock Up 2.2 %
Shares of NASDAQ:FSLR opened at $190.89 on Friday. The business has a fifty day moving average price of $190.20 and a two-hundred day moving average price of $210.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market capitalization of $20.44 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.21 and a beta of 1.49. First Solar has a 1 year low of $135.88 and a 1 year high of $306.77.
Institutional Investors Weigh In On First Solar
A number of large investors have recently added to or reduced their stakes in FSLR. Western Financial Corp CA bought a new stake in shares of First Solar in the third quarter worth about $1,209,000. Stifel Financial Corp boosted its holdings in First Solar by 36.9% in the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after acquiring an additional 5,780 shares in the last quarter. Harbour Capital Advisors LLC increased its position in First Solar by 224.0% during the 3rd quarter. Harbour Capital Advisors LLC now owns 5,217 shares of the solar cell manufacturer’s stock valued at $1,301,000 after purchasing an additional 3,607 shares during the period. iA Global Asset Management Inc. raised its holdings in First Solar by 802.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 20,460 shares of the solar cell manufacturer’s stock worth $5,104,000 after purchasing an additional 18,192 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in First Solar by 6.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,140 shares of the solar cell manufacturer’s stock worth $60,898,000 after buying an additional 14,597 shares during the period. Institutional investors own 92.08% of the company’s stock.
First Solar Company Profile
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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