J.P. Morgan analyst Mark Strouse maintained a Hold rating on First Solar (NASDAQ:FSLR) on Friday, setting a price target of $102, which is approximately 1.87% below the present share price of $103.94.
Strouse expects First Solar to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Hold rating of shares in First Solar, with an average price target of $105.45.
The analysts price targets range from a high of $140 to a low of $61.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $583.5 million and a net profit of $52.73 million. The company's market cap is $11.05 billion.
According to TipRanks.com, J.P. Morgan analyst Mark Strouse is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 42.5% and a 73.15% success rate.
First Solar, Inc. engages in designing, manufacturing, marketing, and distribution of photovoltaic solar power systems and solar modules. It operates through the Modules and Systems segments. The Modules segment involves in the design, manufacture, and sale of cadmium telluride solar modules, which convert sunlight into electricity. The Systems segment offers development, construction, operation, and maintenance of photovoltaic solar power systems. The company was founded by Michael J. Ahearn in 1999 and is headquartered in Tempe, AZ.