Analyst Ratings for First Solar Inc. (FSLR)Updated: 2017-07-28
An average rating of Overweight has been given to First Solar Inc. (NASDAQ:FSLR) by analysts covering the stock. About 30 days ago, FSLR was issued an average rating of Overweight.
7 analysts declared FSLR a buy, 1 gave an overweight rating, 11 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 3. Meanwhile, the number of analysts pessimistic about the company has decreased by 3.
Investment analysts gave a few price targets for FSLR. The most optimistic analyst gave a price target of 54, which equates to a potential upside of 20.51 percent. The most pessimistic price target was 32, which equates to a potential downside of -28.59 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 137.5 percent. That number becomes 84.29 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 7.79 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 76.67 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
FSLR has traded between a high of 49.50 and a low of 25.56 over the past year. The current market price is above the trailing year's low by 75.31 percent, and 9.47 percent lower than its 52-week high. FSLR has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The FSLR value stock report compares FSLR to some of its peers using value stock charts. The stock has a market capitalization of $4.74 billion. FSLR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.