Analysts See $0.07 EPS for First Solar, Inc. (FSLR)

July 16, 2018 - By Pearl Odom

First Solar, Inc. (NASDAQ:FSLR) LogoInvestors sentiment decreased to 0.97 in 2018 Q1. Its down 0.32, from 1.29 in 2017Q4. It dropped, as 37 investors sold First Solar, Inc. shares while 103 reduced holdings. 51 funds opened positions while 85 raised stakes. 51.21 million shares or 2.24% less from 52.38 million shares in 2017Q4 were reported.
Assetmark, California-based fund reported 37 shares. Fmr Ltd Limited Liability Company accumulated 1.76 million shares. Louisiana State Employees Retirement Systems has invested 0.07% in First Solar, Inc. (NASDAQ:FSLR). Parkside Fincl Bank owns 0% invested in First Solar, Inc. (NASDAQ:FSLR) for 49 shares. Pinebridge Limited Partnership owns 0.16% invested in First Solar, Inc. (NASDAQ:FSLR) for 95,654 shares. Fiduciary owns 3,225 shares. Comml Bank Of Montreal Can stated it has 14,736 shares. Hartford Investment Management Company owns 3,515 shares or 0% of their US portfolio. Glenmede Tru Co Na reported 150 shares. M&T State Bank Corporation owns 6,387 shares for 0% of their portfolio. Meeder Asset Mngmt Incorporated has 0% invested in First Solar, Inc. (NASDAQ:FSLR). State Common Retirement Fund owns 211,800 shares or 0.02% of their US portfolio. Jnba holds 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 500 shares. Grantham Mayo Van Otterloo And Ltd Limited Liability Company holds 98,300 shares. Earnest Prtn Ltd Liability has invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR).

Since February 26, 2018, it had 1 insider buy, and 14 insider sales for $5.02 million activity. The insider Hambro George A bought 3,000 shares worth $187,980. On Tuesday, May 1 Garabedian Raffi sold $220,296 worth of First Solar, Inc. (NASDAQ:FSLR) or 3,162 shares. The insider Bradley Alexander R. sold 4,325 shares worth $294,619. On Friday, March 9 the insider KALETA PAUL J sold $448,010. Bueter Christopher also sold $882,310 worth of First Solar, Inc. (NASDAQ:FSLR) shares. Shares for $67,840 were sold by Schumaker Bryan Robert on Friday, April 27.

Analysts expect First Solar, Inc. (NASDAQ:FSLR) to report $0.07 EPS on July, 26.They anticipate $0.57 EPS change or 89.06 % from last quarter’s $0.64 EPS. FSLR’s profit would be $7.33 million giving it 193.07 P/E if the $0.07 EPS is correct. After having $0.78 EPS previously, First Solar, Inc.’s analysts see -91.03 % EPS growth. It closed at $54.06 lastly. It is down 79.89% since July 16, 2017 and is uptrending. It has outperformed by 67.32% the S&P500.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Among 14 analysts covering First Solar (NASDAQ:FSLR), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. First Solar had 24 analyst reports since January 18, 2018 according to SRatingsIntel. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Buy” rating by Roth Capital on Wednesday, June 6. Bank of America upgraded First Solar, Inc. (NASDAQ:FSLR) on Monday, June 25 to “Buy” rating. As per Sunday, April 22, the company rating was maintained by Roth Capital. The firm has “Accumulate” rating by Standpoint Research given on Wednesday, March 7. On Thursday, May 10 the stock rating was upgraded by JP Morgan to “Overweight”. As per Friday, April 27, the company rating was maintained by Credit Suisse. On Thursday, January 18 the stock rating was downgraded by Guggenheim to “Hold”. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Equal-Weight” rating given on Monday, April 16 by Morgan Stanley. The rating was downgraded by Bank of America on Tuesday, June 5 to “Hold”. Deutsche Bank maintained it with “Buy” rating and $75.0 target in Friday, February 23 report.

First Solar, Inc. provides solar energy solutions in the United States and internationally. The company has market cap of $5.66 billion. It operates through two divisions, Components and Systems. It currently has negative earnings. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Seekingalpha.com which released: “First Solar upgraded at Credit Suisse amid ‘overblown’ Section 301 fears” on June 19, 2018, also Seekingalpha.com with their article: “First Solar upgraded to Buy at BAML on ‘most bullish’ IRS interpretation” published on June 25, 2018, Globenewswire.com published: “First Solar Receives Outstanding Project Award at InterSolar EU” on July 12, 2018. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Benzinga.com and their article: “Forecasting How Shares Of Netflix, Tesla, And First Solar Will Perform This Week” published on June 25, 2018 as well as Seekingalpha.com‘s news article titled: “Bespoke’s Most Volatile Stocks On Earnings Ahead Of Q2 Earnings Season” with publication date: July 10, 2018.

First Solar, Inc. (NASDAQ:FSLR) Institutional Positions Chart

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