Movement Alert｜First Solar Falls 4.15% in Regular Trading, Post-Earnings Target Cuts Continue to Pressure Shares

Market Focus11-12 22:58

On November 12, First Solar fell 4.15% in Regular Trading, trading at $173.44, with turnover of $93.97 million.

The clearest catalyst cited for the move is continued pressure from successive analyst target cuts following the company’s late-October earnings report.

Recent analyst actions include UBS lowering its price target to $295 from $330 while maintaining a Buy rating, after Piper Sandler cut its target to $222 from $251. The broader backdrop remains mixed: First Solar reported quarterly EPS of $5.30, above consensus, but revenue of $1.231 billion missed expectations, and it reduced full-year revenue guidance to $4.6 billion-$4.9 billion from $4.9 billion-$5.2 billion, reinforcing a market reassessment of growth visibility and valuation recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment