First Solar, Inc. Announces Second Quarter 2018 Financial Results

First Solar (FSLR) PT Lowered to $75 at Needham & Company

Needham & Company lowered its price target on First Solar (NASDAQ: FSLR) to $75.00 (from $85.00) while maintaining a Buy rating.

Analyst Y. Edwin Mok commented, "For 2Q18, FSLR reported weaker-than-expected system revenue, yield issues with the Series 6 (S6), and lower 2018 shipments. Management tightened its full... More

First Solar (FSLR) PT Raised to $85 at Cowen; Project Delays Hurt, But Long-Term Thesis Intact

Cowen raised its price target on First Solar (NASDAQ: FSLR) to $85.00 (from $84.00) while maintaining an Outperform rating.

Analyst Jeffrey Osborne commented, "The back end of S6 the new S6 fab is ramping slower than anticipated. This technology transition is critical... More

Baird Remains Bullish on First Solar (FSLR) Following 2Q Miss

Baird reiterated an Outperform rating and $85.00 price target on First Solar (NASDAQ: FSLR) following the company's 2Q miss. FSLR reported revenue of $309M vs. consensus estimates of $499M, gross margin of (2.6)% vs. 18.6%, and EPS of ($0.46) vs. ($0.03). The miss was driven by the timing of project... More

Guggenheim Remains Sidelined on First Solar (FSLR) Following Weak 2Q

Guggenheim reiterated a Neutral rating and $62.00 price target on First Solar (NASDAQ: FSLR) following the company's 2Q earnings report. FSLR reported a weak quarter as higher startup and ramp cost for its Series 6 products coincided with the lack of project sales in... More

First Solar (FSLR) Misses Q2 EPS by 48c, Revenues Miss; Narrows Guidance

First Solar (NASDAQ: FSLR) reported Q2 EPS of ($0.46), $0.48 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $309 million versus the consensus estimate of $503.11 million.

We have taken another important step forward in our Series 6 transition with the first commercial... More