Jefferies Analysts Lower Price Target on First Solar, Inc. (FSLR) to $133.00
Tuesday, June 28, 2021 12:10 PM

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Equities research analysts at Jefferies lowered their price target on shares of First Solar, Inc. (NASDAQ: FSLR) to $133.00 in a research note to investors on Tuesday.

Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of First Solar, Inc. to $105.00 in a research note to investors on Friday. They now have an "underweight" rating on the stock. Also, analysts at Maxim Group initiated coverage on shares of First Solar, Inc. in a research note to investors on Thursday, June 23rd. They set a "sell" rating and a $85.00 price target on the stock.

Shares of First Solar, Inc. traded up 4.47% during mid-day trading on Wednesday, hitting $121.9001. 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 $121.9 and its 200-day moving average is $139.7. The company has a market cap of $10.503 billion and a price-to-earnings ratio of 16.65.

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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