First Solar (FSLR) Set to Announce Quarterly Earnings on Thursday

First Solar (NASDAQ:FSLR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect First Solar to post earnings of ($0.32) per share for the quarter.

First Solar (NASDAQ FSLR) opened at $65.85 on Tuesday. 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 $76.61. The firm has a market cap of $6,876.91, a price-to-earnings ratio of -15.03 and a beta of 2.09.

A number of research analysts have weighed in on the stock. Vetr cut shares of First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 price objective on the stock. in a research report on Thursday, January 11th. Guggenheim reiterated a “neutral” rating on shares of First Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. BidaskClub upgraded shares of First Solar from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, December 12th. Finally, Roth Capital set a $80.00 price objective on shares of First Solar and gave the company a “buy” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.60.

In other news, COO Philip Dejong sold 15,304 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.83, for a total value of $1,038,070.32. Following the transaction, the chief operating officer now directly owns 10,424 shares in the company, valued at $707,059.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Raffi Garabedian sold 11,284 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the completion of the transaction, the insider now owns 9,227 shares in the company, valued at $646,443.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,858 shares of company stock worth $3,134,015. Company insiders own 0.58% of the company’s stock.

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About First Solar

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 for First Solar (NASDAQ:FSLR)

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