First Solar (NASDAQ:FSLR – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $13.00-13.50 for the period, compared to the consensus EPS estimate of $13.49. The company issued revenue guidance of $4.1-4.25 billion, compared to the consensus revenue estimate of $4.44 billion. First Solar also updated its FY 2024 guidance to 13.000-13.500 EPS.
First Solar Stock Up 3.3 %
Shares of NASDAQ FSLR traded up $6.45 during mid-day trading on Friday, hitting $200.93. The company had a trading volume of 1,178,926 shares, compared to its average volume of 2,419,591. The company has a market capitalization of $21.51 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.65. First Solar has a 1-year low of $129.21 and a 1-year high of $306.77. The business’s 50-day simple moving average is $222.68 and its 200 day simple moving average is $223.93.
First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). The company had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.50 earnings per share. On average, analysts predict that First Solar will post 13.18 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on First Solar
Insider Activity at First Solar
In related news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the sale, the insider now directly owns 3,468 shares in the company, valued at approximately $769,896. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Byron Michael Jeffers sold 500 shares of First Solar stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $220.00, for a total transaction of $110,000.00. The disclosure for this sale can be found here. Insiders sold a total of 10,885 shares of company stock worth $2,405,757 over the last 90 days. Company insiders own 0.58% of the company’s stock.
First Solar Company Profile
First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.
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