First Photo voltaic, Inc. (NASDAQ:FSLR – Free Report) – Equities researchers at Roth Capital dropped their Q3 2024 earnings estimates for First Photo voltaic in a analysis report issued to shoppers and buyers on Monday, October 14th. Roth Capital analyst P. Shen now forecasts that the photo voltaic cell producer will submit earnings of $2.95 per share for the quarter, down from their earlier estimate of $3.17. The consensus estimate for First Photo voltaic’s present full-year earnings is $13.53 per share. Roth Capital additionally issued estimates for First Photo voltaic’s This autumn 2024 earnings at $4.40 EPS, FY2024 earnings at $12.79 EPS, Q1 2025 earnings at $3.09 EPS and Q3 2025 earnings at $6.20 EPS.
A number of different analysts additionally lately issued studies on the corporate. Truist Monetary assumed protection on First Photo voltaic in a report on Thursday, September twenty sixth. They set a “purchase” ranking and a $300.00 worth goal on the inventory. Financial institution of America reduce their worth goal on First Photo voltaic from $343.00 to $321.00 and set a “purchase” ranking on the inventory in a report on Tuesday, October eighth. Oppenheimer boosted their worth goal on First Photo voltaic from $325.00 to $326.00 and gave the inventory an “outperform” ranking in a report on Wednesday, July thirty first. UBS Group lifted their goal worth on First Photo voltaic from $350.00 to $360.00 and gave the corporate a “purchase” ranking in a analysis be aware on Wednesday, July thirty first. Lastly, DZ Financial institution raised First Photo voltaic from a “maintain” ranking to a “purchase” ranking and set a $280.00 goal worth on the inventory in a analysis be aware on Thursday, August 1st. 4 equities analysis analysts have rated the inventory with a maintain ranking, twenty-two have issued a purchase ranking and one has issued a powerful purchase ranking to the inventory. Based on MarketBeat.com, the inventory has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $283.64.
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First Photo voltaic Worth Efficiency
NASDAQ FSLR opened at $203.37 on Wednesday. The inventory’s 50-day shifting common worth is $227.19 and its two-hundred day shifting common worth is $222.24. The corporate has a present ratio of two.23, a fast ratio of 1.65 and a debt-to-equity ratio of 0.06. The corporate has a market cap of $21.77 billion, a PE ratio of 21.32, a PEG ratio of 0.38 and a beta of 1.44. First Photo voltaic has a 1 12 months low of $129.21 and a 1 12 months excessive of $306.77.
First Photo voltaic (NASDAQ:FSLR – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, July thirtieth. The photo voltaic cell producer reported $3.25 EPS for the quarter, topping the consensus estimate of $2.69 by $0.56. The agency had income of $1.01 billion for the quarter, in comparison with analysts’ expectations of $939.71 million. First Photo voltaic had a internet margin of 31.98% and a return on fairness of 17.73%. First Photo voltaic’s income for the quarter was up 24.6% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.85 earnings per share.
Insider Exercise at First Photo voltaic
In different First Photo voltaic information, CAO Byron Michael Jeffers bought 500 shares of the corporate’s inventory in a transaction that occurred on Monday, August twelfth. The inventory was bought at a mean worth of $220.00, for a complete transaction of $110,000.00. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. In different First Photo voltaic information, CAO Byron Michael Jeffers bought 500 shares of the corporate’s inventory in a transaction that occurred on Monday, August twelfth. The inventory was bought at a mean worth of $220.00, for a complete transaction of $110,000.00. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, insider Patrick James Buehler bought 8,619 shares of the corporate’s inventory in a transaction that occurred on Tuesday, August thirteenth. The inventory was bought at a mean worth of $222.00, for a complete worth of $1,913,418.00. Following the sale, the insider now straight owns 3,468 shares of the corporate’s inventory, valued at $769,896. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final quarter, insiders bought 10,885 shares of firm inventory valued at $2,405,757. 0.58% of the inventory is owned by company insiders.
Institutional Inflows and Outflows
Various giant buyers have lately modified their holdings of the enterprise. Vanguard Group Inc. lifted its holdings in shares of First Photo voltaic by 0.9% throughout the first quarter. Vanguard Group Inc. now owns 12,257,053 shares of the photo voltaic cell producer’s inventory price $2,068,991,000 after shopping for an extra 105,236 shares over the last quarter. Electron Capital Companions LLC raised its stake in shares of First Photo voltaic by 81,947.0% within the second quarter. Electron Capital Companions LLC now owns 7,669,757 shares of the photo voltaic cell producer’s inventory valued at $1,729,223,000 after buying an extra 7,660,409 shares within the final quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of First Photo voltaic by 11.1% within the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the photo voltaic cell producer’s inventory valued at $472,963,000 after buying an extra 279,719 shares within the final quarter. Dimensional Fund Advisors LP raised its stake in shares of First Photo voltaic by 8.8% within the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the photo voltaic cell producer’s inventory valued at $179,478,000 after buying an extra 64,265 shares within the final quarter. Lastly, Financial institution of New York Mellon Corp raised its stake in shares of First Photo voltaic by 0.4% within the second quarter. Financial institution of New York Mellon Corp now owns 652,354 shares of the photo voltaic cell producer’s inventory valued at $147,080,000 after buying an extra 2,378 shares within the final quarter. 92.08% of the inventory is at present owned by institutional buyers and hedge funds.
About First Photo voltaic
First Photo voltaic, Inc, a photo voltaic know-how firm, supplies photovoltaic (PV) photo voltaic power options in the USA, France, Japan, Chile, and internationally. The corporate manufactures and sells PV photo voltaic modules with a skinny movie semiconductor know-how that gives a lower-carbon different to standard crystalline silicon PV photo voltaic modules.
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