First Solar Is 'Among Most Crowded Trades,' 5 Analysts Take Deep Dive Into Q3 Print
Portfolio Pulse from Priya Nigam
First Solar Inc (NASDAQ:FSLR) reported mixed Q3 results, with lower-than-expected revenues but stronger than expected EPS and margins. The company also raised its 2023 EPS guidance midpoint by 10 cents. Analysts from BMO Capital Markets, Roth Capital Partners, Piper Sandler, KeyBanc, and Raymond James provided their insights on the results, with varying ratings and price targets. Despite the mixed results, First Solar's stock remained volatile in early trading.
November 01, 2023 | 7:30 pm
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First Solar reported mixed Q3 results, with lower revenues but stronger EPS. The company also raised its 2023 EPS guidance. Analysts provided varying ratings and price targets.
The mixed Q3 results and the varying analyst ratings and price targets could lead to volatility in First Solar's stock price. The company's stronger EPS and raised 2023 EPS guidance could be positive factors, but the lower revenues could be a concern for investors.
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