Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Sell rating on First Solar (NASDAQ:FSLR) on Monday, setting a price target of $63, which is approximately 35.88% below the present share price of $98.25.
Byrd expects First Solar to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Hold rating of shares in First Solar, with an average price target of $111.16.
The analysts price targets range from a high of $152.9 to a low of $63.
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 $10.45 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.0% and a 58.68% 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.