FSLR - First Solar Is 'Among Most Crowded Trades' 5 Analysts Take Deep Dive Into Q3 Print | Benzinga
Shares of First Solar Inc (NASDAQ: FSLR) remained volatile in early trading on Wednesday, after the company reported mixed quarterly results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
- BMO Capital Markets analyst Ameet Thakkar maintained an Outperform rating, while reducing the price target from $226 to $216.
- Roth Capital Partners analyst Philip Shen reiterated a Buy rating and price target of $230.
- Piper Sandler analyst Kashy Harrison reaffirmed an Overweight rating and price target of $235.
- KeyBanc analyst Sophie Karp maintained a Sector Weight rating on the stock.
- Raymond James analyst Pavel Molchanov reaffirmed a Market Perform rating on the stock.
Check out other analyst stock ratings.
BMO Capital Markets: Despite reporting lower-than-expected revenues for the quarter, First Solar delivered "much stronger than expected EPS and margins" and raised midpoint of 2023 EPS guidance by 10 cents, Thakkar explained in a note.
"More importantly, FSLR added 6.8 ...