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.
A number of analysts gave price targets for FSLR. The most optimistic price target was 54, implying a possible profit of 20.51 percent. The most pessimistic price target was 32, which equates to a potential downside of -28.59 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 137.5 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 84.29 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 7.79 percent. If we look at the last 90 days instead, we find a net average change of 76.67 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
FSLR has a 52-week high of 49.50 and a 52-week low of 25.56. Today's price is 75.31 percent above the 52-week low, and 9.47 percent below the high. FSLR has a P/E 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.