First Solar (FSLR) to Release Earnings on Wednesday

First Solar (NASDAQ:FSLR - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect First Solar to post earnings of $2.11 per share for the quarter. First Solar has set its FY24 guidance at $13.00-14.00 EPS and its FY 2024 guidance at 13.000-14.000 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned ($0.07) EPS. First Solar's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts expect First Solar to post $14 EPS for the current fiscal year and $21 EPS for the next fiscal year.

First Solar Stock Performance

Shares of NASDAQ:FSLR traded down $2.62 during trading on Wednesday, hitting $177.48. 2,084,630 shares of the stock were exchanged, compared to its average volume of 2,090,924. First Solar has a 1-year low of $129.21 and a 1-year high of $232.00. The company has a market capitalization of $19.00 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The company's fifty day simple moving average is $162.66 and its 200-day simple moving average is $156.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.55.

Insider Buying and Selling

In related news, insider Kuntal Kumar Verma sold 250 shares of First Solar stock in a transaction on Monday, March 18th. The stock was sold at an average price of $148.34, for a total transaction of $37,085.00. Following the completion of the sale, the insider now directly owns 5,170 shares of the company's stock, valued at $766,917.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Markus Gloeckler sold 1,937 shares of First Solar stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $175.00, for a total transaction of $338,975.00. Following the completion of the sale, the chief technology officer now directly owns 12,536 shares of the company's stock, valued at $2,193,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kuntal Kumar Verma sold 250 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the completion of the transaction, the insider now directly owns 5,170 shares of the company's stock, valued at $766,917.80. The disclosure for this sale can be found here. Insiders sold a total of 26,620 shares of company stock valued at $4,269,540 over the last three months. Company insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FSLR shares. Bank of America raised their target price on First Solar from $187.00 to $194.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Roth Mkm restated a "buy" rating and set a $230.00 target price on shares of First Solar in a research report on Thursday, April 18th. Susquehanna restated a "positive" rating and set a $258.00 target price on shares of First Solar in a research report on Friday, April 5th. Janney Montgomery Scott started coverage on First Solar in a research report on Friday, April 12th. They issued a "buy" rating and a $236.00 price objective for the company. Finally, Oppenheimer reiterated an "outperform" rating and issued a $269.00 price objective on shares of First Solar in a research report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Solar has a consensus rating of "Moderate Buy" and an average target price of $231.36.

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.