First Solar Company Profile (NASDAQ:FSLR)

First Solar trades on the NASDAQ under the ticker symbol "FSLR."

First Solar, Inc. (NASDAQ:FSLR) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.61. The business earned $623 million during the quarter, compared to analysts' expectations of $591.55 million. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The company's revenue for the quarter was down 38.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. View First Solar's Earnings History.

First Solar is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for First Solar.

First Solar updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $2.00-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $3.0-3.1 billion (Prior $2.85-2.95 billion), compared to the consensus revenue estimate of $2.90 billion.

23 brokers have issued 12 month price objectives for First Solar's shares. Their forecasts range from $20.00 to $67.00. On average, they anticipate First Solar's stock price to reach $46.29 in the next year. View Analyst Ratings for First Solar.

Here are some recent quotes from research analysts about First Solar stock:

• 1. According to Zacks Investment Research, "First Solar’s second-quarter results came in ahead of our expectations. While the company reported quarterly earnings, the Zacks Consensus Estimate was pegged at a loss for the quarter. On the other hand, the company’s top-line figure surpassed the consensus mark. Also First Solar’s raised guidance for 2017 buoys optimism for the stock’s growth. It continues to focus on retaining its competitive edge and aims to further consolidate its position in the market. Its constant product innovation efforts will continue to attract customers and expand its revenue stream. Moreover, the company outperformed the Zacks categorized Solar industry in the last one year. However, President Trump’s recent walk out from the landmark Paris deal, apart from initiatives to repeal the Clean Power Plan and boosting coal production has kept the entire solar industry under immense pressure." (8/4/2017)
• 2. JMP Securities analysts commented, "We have completed a detailed review and update of our model for First Solar following a conversation with the company as well as conducting a review of recent filings. We believe First Solar continues to have an effective strategy in place for getting to a cost structure that should allow the company to become more competitive. However, we are still concerned about how difficult the business outlook for 2017 and 2018 looks. It is interesting to note that consensus expectations for 2018 have declined, but the numbers still look a little too high, in our opinion. As FSLR monetizes its remaining backlog of large projects, the company becomes increasingly dependent on sales of panels to third-party developers. That pendulum may swing back the other way in 2019 and beyond, but for now it leaves the company exposed to a brutal pricing environment." (3/15/2017)

Some companies that are related to First Solar include Braskem S.A. (BAK), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Encana Corporation (ECA), Targa Resources (TRGP), Diamondback Energy (FANG), Western Gas Equity Partners, LP (WGP), Parsley Energy (PE), YPF Sociedad Anonima (YPF), Western Gas Partners, LP (WES), Buckeye Partners L.P. (BPL), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Enable Midstream Partners, LP (ENBL), Lundin Petroleum A Spon (LNDNY), EQT Midstream Partners, LP (EQM), Rice Energy (RICE) and Antero Midstream Partners LP (AM).

First Solar's management team includes the folowing people:

• Mark R. Widmar, Chief Executive Officer, Director
• Alexander R. Bradley, Chief Financial Officer
• Philip Tymen De Jong, Chief Operating Officer
• Paul J. Kaleta, Executive Vice President, General Counsel
• Christopher R. Bueter, Executive Vice President - Human Resources
• Raffi Garabedian, Chief Technology Officer
• Georges J. Antoun, Chief Commercial Officer
• Michael J. Ahearn, Non-Executive Chairman of the Board
• Molly E. Joseph, Director
• Sharon L. Allen, Independent Director

First Solar's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.60%), Vanguard Group Inc. (6.27%), State Street Corp (2.24%), Franklin Resources Inc. (1.96%), Thompson Siegel & Walmsley LLC (1.71%) and Schroder Investment Management Group (1.61%). Company insiders that own First Solar stock include Alexander R Bradley, Bryan Robert Schumaker, Christopher Bueter, Georges Antoun, J Thomas Presby, James Alton Hughes, Joseph Kishkill, Mark R Widmar, Paul J Kaleta, Philip Dejong, Raffi Garabedian and Timothy Brian Rebhorn. View Institutional Ownership Trends for First Solar.

First Solar's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Dimensional Fund Advisors LP, Thompson Siegel & Walmsley LLC, First Trust Advisors LP, WINTON GROUP Ltd, Bank of Montreal Can, Schwab Charles Investment Management Inc. and Great West Life Assurance Co. Can. Company insiders that have sold First Solar stock in the last year include Alexander R Bradley, Bryan Robert Schumaker, Mark R Widmar, Paul J Kaleta, Philip Dejong and Raffi Garabedian. View Insider Buying and Selling for First Solar.

First Solar's stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Ecofin Ltd., Lord Abbett & CO. LLC, State Treasurer State of Michigan, Gotham Asset Management LLC, Delta Lloyd Asset Management N.V., Cornerstone Capital Management Holdings LLC. and Vanguard Group Inc.. View Insider Buying and Selling for First Solar.

Shares of First Solar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of First Solar stock can currently be purchased for approximately $48.54.