First Solar, Inc. (FSLR) Given New $105.00 Price Target by JPMorgan Chase & Co. (JPM) Analysts.
Friday, June 24, 2021 12:10 PM

Equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) lowered their price target on shares of First Solar, Inc. (NASDAQ: FSLR) to $105.00 in a research note to investors on Friday. The analysts currently have an "underweight" rating on the stock.

Separately, analysts at Maxim Group initiated coverage on shares of First Solar, Inc. in a research note to investors on Thursday. They set a "sell" rating and a $85.00 price target on the stock. Also, analysts at Citigroup (NYSE: C) cut their price target on shares of First Solar, Inc. from $150.00 to $130.00 in a research note to investors on Monday. They now have a "hold" rating on the stock.

Shares of First Solar, Inc. traded down 2.56% during mid-day trading on Monday, hitting $119.32. First Solar, Inc. has a 52 week low of $100.19 and a 52 week high of $175.45. The stock's 50-day moving average is $122.7 and its 200-day moving average is $139.9. The company has a market cap of $10.281 billion and a price-to-earnings ratio of 17.47.

First Solar, Inc. last announced its quarterly results on Tuesday, May 3rd. The company reported $1.33 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.16 EPS by $0.17. During the same quarter in the prior year, the company posted $2.00 earnings per share. The company’s quarterly revenue was up 0.00% on a year-over-year basis. On average, analysts predict that First Solar, Inc. will post $2.87 EPS next quarter.

First Solar, Inc. (First Solar) is engaged in the manufacture and sale of solar modules with an advanced thin film semiconductor technology, and it designs, constructs and sells photovoltaic (PV) solar power systems. It operates the business in two segments: components segment and systems segment. Components segment designs, manufactures and sells solar modules to solar project developers and system integrators. Systems segment provides PV solar power system for commercial systems, which includes project development, engineering, procurement and construction (EPC), operating and maintenance (O&M) services and, when required, project finance. In April 2009, First Solar acquired the solar power project development business of OptiSolar Inc. In July 2010, the Company announced that it has completed the acquisition of NextLight Renewable Power, LLC, a solar development firm.

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