First Solar (FSLR) Misses Q2 EPS by 48c, Revenues Miss; Narrows Guidance
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First Solar (FSLR) PT Lowered to $75 at Needham & Company
July 27, 2018 8:54 AM EDTNeedham & 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
July 27, 2018 8:31 AM EDTCowen 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
July 27, 2018 7:44 AM EDTBaird 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
July 27, 2018 7:32 AM EDTGuggenheim 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) PT Lowered to $45 at JMP Securities
July 27, 2018 4:50 AM EDTJMP Securities lowered its price target on First Solar (NASDAQ: FSLR) to $45.00 (from $46.00) while maintaining a Market Underperform rating.
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