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 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.61. The company earned $623 million during the quarter, compared to the consensus estimate of $591.55 million. First Solar had a negative net margin of 18.14% and a positive return on equity of 6.71%. First Solar's revenue for the quarter was down 38.7% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. View First Solar's Earnings History.

First Solar is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for First Solar.

First Solar updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.00-2.50 for the period, compared to the Thomson Reuters consensus 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.

25 analysts have issued 12 month price targets for First Solar's stock. Their predictions range from $20.00 to $59.00. On average, they expect First Solar's share price to reach $44.91 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 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. Again, the booming solar market in the U.S. will propel its top-line growth. 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 boosting coal production has kept the entire solar industry under immense pressure." (7/18/2017)
• 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 Diamondback Energy (FANG), Western Gas Equity Partners, LP (WGP), Cimarex Energy Co (XEC), Buckeye Partners L.P. (BPL), Western Gas Partners, LP (WES), YPF Sociedad Anonima (YPF), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Antero Midstream Partners LP (AM), Enable Midstream Partners, LP (ENBL), Lundin Petrolm (LNDNY), EQT Midstream Partners, LP (EQM), Helmerich & Payne (HP), EnLink Midstream Partners, LP (ENLK), Rice Energy (RICE), Newfield Exploration Company (NFX) and RSP Permian (RSPP).

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 institutional and retail investors. Top institutional investors include State Treasurer State of Michigan (0.72%), DnB Asset Management AS (0.48%), Personal Capital Advisors Corp (0.36%), Bank of Montreal Can (0.15%), Prentiss Smith & Co. Inc. (0.14%) and Aperio Group LLC (0.10%). 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 Bank of Montreal Can, Great West Life Assurance Co. Can, DnB Asset Management AS, Oregon Public Employees Retirement Fund, Daiwa SB Investments Ltd., Clean Yield Group, Creative Planning and Russell Investments Group Ltd.. Company insiders that have sold First Solar stock in the last year include Alexander R Bradley, Bryan Robert Schumaker, Christopher Bueter, Georges Antoun, James Alton Hughes, Paul J Kaleta and Philip Dejong. 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 State Treasurer State of Michigan, Deane Retirement Strategies Inc., Prentiss Smith & Co. Inc., James Investment Research Inc., Personal Capital Advisors Corp, Wellington Shields Capital Management LLC, Wellington Shields & Co. LLC and Handelsbanken Fonder AB. 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 $44.81.