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First Solar: Analysts’ Recommendations after Its Q1 Earnings

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Analysts’ recommendations

According to analysts’ consensus estimates, First Solar (FSLR) stock offers a potential upside of more than 15% for the next 12 months. The stock has a mean target price of $68.9—compared to its current market price of $59.9.

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Among the 15 analysts that track First Solar, six recommended a “buy,” six recommended a “hold,” and three recommended a “strong buy.” None of the analysts recommended a “sell” as of May 3.

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Peers’ target prices

So far, Sunrun (RUN) has risen ~42% in 2019. Analysts have given Sunrun a mean target price of $19.4—compared to its current market price of $15.4, which implies a potential upside of ~19%. The company is scheduled to report its first-quarter earnings May 8.

SunPower (SPWR) has risen ~45% year-to-date. SunPower is scheduled to report its first-quarter results on May 9. Analysts expect the stock to fall more than 6% from its current market price of $7.2 based on analysts’ mean target price of $6.7.

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