Q2 EPS Estimates for First Solar Reduced by Zacks Research

First Solar, Inc. (NASDAQ:FSLR - Free Report) - Equities researchers at Zacks Research dropped their Q2 2027 EPS estimates for shares of First Solar in a research note issued on Tuesday, July 1st. Zacks Research analyst R. Department now forecasts that the solar cell manufacturer will post earnings per share of $5.80 for the quarter, down from their prior estimate of $6.04. The consensus estimate for First Solar's current full-year earnings is $13.05 per share. Zacks Research also issued estimates for First Solar's FY2027 earnings at $27.07 EPS.

FSLR has been the topic of several other reports. Wall Street Zen downgraded First Solar from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Mizuho raised their price objective on shares of First Solar from $251.00 to $275.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Royal Bank Of Canada upped their target price on shares of First Solar from $188.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday. TD Cowen decreased their price target on shares of First Solar from $275.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Oppenheimer downgraded shares of First Solar from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, First Solar currently has an average rating of "Moderate Buy" and a consensus price target of $228.69.

First Solar Stock Performance

Shares of NASDAQ FSLR traded up $14.91 during trading hours on Friday, hitting $185.43. 6,399,688 shares of the company's stock were exchanged, compared to its average volume of 3,233,808. The company's 50-day moving average price is $155.79 and its 200-day moving average price is $154.85. First Solar has a 1-year low of $116.56 and a 1-year high of $262.72. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 0.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 1.39.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.50 by ($0.55). The firm had revenue of $844.57 million for the quarter, compared to the consensus estimate of $863.11 million. First Solar had a net margin of 29.72% and a return on equity of 16.32%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.20 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Fiduciary Financial Group LLC raised its position in First Solar by 35.3% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,414 shares of the solar cell manufacturer's stock valued at $393,000 after purchasing an additional 630 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of First Solar by 138.9% in the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer's stock valued at $28,000 after buying an additional 100 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of First Solar in the first quarter valued at $1,005,000. Swedbank AB raised its holdings in shares of First Solar by 9.1% in the first quarter. Swedbank AB now owns 154,932 shares of the solar cell manufacturer's stock valued at $19,588,000 after buying an additional 12,872 shares during the last quarter. Finally, BROOKFIELD Corp ON lifted its position in First Solar by 5.6% during the 1st quarter. BROOKFIELD Corp ON now owns 17,863 shares of the solar cell manufacturer's stock worth $2,258,000 after buying an additional 953 shares in the last quarter. Institutional investors own 92.08% of the company's stock.

Insider Buying and Selling at First Solar

In other news, insider Patrick James Buehler sold 1,868 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $149.08, for a total value of $278,481.44. Following the sale, the insider owned 5,998 shares of the company's stock, valued at approximately $894,181.84. This represents a 23.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Markus Gloeckler sold 9,557 shares of First Solar stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $155.05, for a total transaction of $1,481,812.85. Following the transaction, the chief technology officer directly owned 8,037 shares of the company's stock, valued at $1,246,136.85. This represents a 54.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,376 shares of company stock valued at $2,227,172. 0.48% of the stock is currently owned by company insiders.

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.