Wall Street Analysts Boost Outlook for First Solar Shares

While the broader solar sector faces significant challenges, First Solar continues to distinguish itself from competitors. The company is receiving substantial analyst endorsement following stronger-than-anticipated quarterly results, prompting several major financial institutions to revise their outlooks for the solar manufacturer.

First Solar’s latest financial report provided the foundation for renewed market optimism. The company posted earnings per share of $3.18, significantly surpassing analyst projections of $2.68. Several key financial metrics demonstrated the company’s operational strength, including revenue growth of 8.6% to $1.1 billion, a robust net margin of 28.95%, and a return on equity of 15.57%.

These fundamental improvements have formed the basis for increasingly positive analyst assessments. The consensus rating currently stands at “Moderate Buy” with an average price target of approximately... Read more...