First Solar Inc (NASDAQ:FSLR) shares traded 0.21% up during most recent session to reach at the closing price of $48.1. The stock exchanged hands 1.37 Million shares versus average trading capacity of 1.6 Million shares, yielding a market cap of $5.03 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $64.76 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have First Solar Inc (NASDAQ:FSLR) high price target of $75 and with a conservative view have low price target of $53.
Barclays “Initiates Coverage On” First Solar Inc (NASDAQ:FSLR) in a research note issued to investors on 1/08/19 to Overweight with price target of $63.
Additionally on 1/03/19 Goldman Sachs “Upgrades” First Solar Inc (NASDAQ:FSLR) to Buy setting price target at $57 and on 12/11/18 Morgan Stanley “Maintained” the stock to Equal-Weight at $56. Furthermore on 12/04/18 Argus “Upgrades” the stock to Buy at $60.
On the other hand the company has Relative Strength Index (RSI 14) of 51.87 along with Average True Range (ATR 14) of 1.53, Consequently First Solar Inc (NASDAQ:FSLR)’s weekly and monthly volatility is 2.77%, 2.98% respectively. The company’s beta value is at 1.28.
In terms of Buy, Sell or Hold recommendations, First Solar Inc (NASDAQ:FSLR) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts First Solar Inc (NASDAQ:FSLR)’s minimum EPS for the current quarter is at $0.55 and can go high up to $0.71. The consensus mean EPS for the current quarter is at $0.63 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.25 earnings per share for the same quarter during last year.
Previously First Solar Inc (NASDAQ:FSLR) reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. The company posted an earnings surprise of 31.7%.
First Solar Inc (NASDAQ:FSLR)’s revenue estimates for the current quarter are $802.88 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $861.8 Million in contradiction of low revenue estimates of $752.75 Million. For the current year the company’s revenue estimates are $2.35 Billion compared to low analyst estimates of $2.2 Billion and high estimates of $2.41 Billion according to 15 number of analysts.
Currently First Solar Inc (NASDAQ:FSLR)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 56.4%. However the six-month change in the insider ownership was recorded -0.91%, as well as three-month change in the institutional ownership was recorded 2.79%.
First Solar Inc (NASDAQ:FSLR)’s trailing twelve month revenues are $1.89 Billion, whereas its price to sales ratio for the same period is 2.66. Its book value per share for the most recent quarter is $49.34 while its price to book ratio for the same period is 0.97, as for as the company’s cash per share for the most recent quarter is $26.1, however its price to cash per share ratio for the same period is 1.84. The stock has 5 year expected PEG ratio of 27.72 whereas its trailing twelve month P/E ratio is 76.59.