First Solar (FSLR) Sells Majority Interest in Desert Stateline Project; Needham & Company Reiterates Buy

Raymond James Sees Risks Ahead for First Solar (FSLR) Despite Near-Term Upside

October 30, 2015 10:32 AM EDT

Renewable Energy analyst at Raymond James, Pavel Molchanov, published an earnings recap note this morning looking beyond the near term upside to see risks ahead for First Solar (NASDAQ: FSLR)

Revenue of $1.3 billion rose by 43% y/y, and gross margin of 38.1% was at the highest level since 2011. EPS of $3.38 was more than double consensus of $1.53.

Revenue... More

First Solar (FSLR) PT Raised to $75 at Cowen

October 30, 2015 8:26 AM EDT

Cowen analyst Jeffrey Osborne reiterated an Outperform rating and boosted his price target on First Solar (NASDAQ: FSLR) to $75.00 (from $65.00) following a strong quarter bolstered by project sales and cost reductions.

Osborne commented, "First Solar posted better than expected top and bottom line... More

First Solar (FSLR) Reported a Strong EPS Beat in 3Q; Baird Reiterates Outperform

October 30, 2015 7:59 AM EDT

Baird reiterated an Outperform rating and $69.00 Price Target on First Solar (NASDAQ: FSLR) following the company's 3Q earnings results. FSLR reported record revenue of $1.27B vs. consensus estimates of $1.11B. Non-GAAP EPS was $3.38 vs. $1.64 consensus. FSLR guided to 2015 sales of $3.5B to $3.6B and EPS... More

After-Hours Stock Movers 10/29: (CRAY) (COLM) (LNKD) Higher; (SCTY) (CTRL) (VRX) Lower (more...)

October 29, 2015 6:04 PM EDT

Cray (NASDAQ: CRAY) 22.1% HIGHER; reported Q3 EPS of $0.48, $0.42 better than the analyst estimate of $0.06. Revenue for the quarter came in at $191.4 million versus the consensus estimate of $140.95 million.

SolarCity (NASDAQ: SCTY) 19% LOWER; reported Q3 EPS of ($2.41), $0.46 worse than the analyst estimate of ($1.95). Revenue for the quarter came in at $113.86 million versus the consensus estimate of $111.43 million.

inContact (NASDAQ: SAAS) 15.5% HIGHER; reported Q3 EPS of ($0.09), $0.02 better than the analyst... More

First Solar (FSLR) Reports Q3 EPS of $3.38

October 29, 2015 4:20 PM EDT

First Solar (NASDAQ: FSLR) reported Q3 EPS of $3.38, may not compare to the analyst estimate of $1.55. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.11 billion.

We had tremendous execution in the third quarter from both a financial and... More

First Solar (FSLR) halted with news pending

October 29, 2015 4:01 PM EDT

First Solar (NASDAQ: FSLR) trading halted with news pending.

... More

First Solar (FSLR), Strata Solar Enter Agreement for 400-MW of PV Modules

October 29, 2015 2:24 PM EDT

First Solar (Nasdaq: FSLR) has signed an agreement with Strata Solar for the procurement of an incremental 400 megawatts (MW)DC of First Solars advanced thin film photovoltaic modules, with delivery expected from 2017 into 2018.

With this agreement, Strata one of the top utility-scale solar project developers and builders in the United States will have purchased... More

UPDATE: Trading Radar for 10/29: Aetna (AET), LinkedIn (LNKD), Baidu (BIDU), ConocoPhillips (COP), MGM Resorts (MGM), Deckers (DECK) Report

October 28, 2015 2:53 PM EDT

(Updated - October 28, 2015 2:54 PM EDT)

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 264kContinuing Claims - Street sees 2.185MGDP: Adv. - Street sees 1.6%Chain Deflator: Adv. - Street sees 1.3%

Earnings:

A.H. Belo (NYSE: AHC) - no Street consensus
Aetna (NYSE: AET) - consensus EPS $1.77
Air Products (NYSE: APD) -... More

First Solar (FSLR) Announces Connection of First Two Luz del Norte Project Blocks

October 28, 2015 1:57 PM EDT

The first two blocks of First Solar, Inc.s (Nasdaq: FSLR) Luz del Norte solar project have been connected to the Chilean central grid, the company announced today. The interconnect includes approximately half of the projects total 141 megawatt (MW) capacity.

This exciting milestone is proof of how utility-scale solar is a viable energy alternative for Chile right now, said Cristian Sjogren, First Solars Chile country manager. Luz del Norte harnesses one of the regions richest resources, allowing Chile to reduce dependence on fossil-based fuels and meet renewable energy targets set by the national Energy... More