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Published: Fri, February 24, 2017
Economy | By Melissa Porter

Tech Shares Need To Consider: Square, Inc. (SQ), First Solar, Inc. (FSLR)

Tech Shares Need To Consider: Square, Inc. (SQ), First Solar, Inc. (FSLR)

The average revenue estimate for the year ending December 2016 is $2.88B by 22 analysts.

Despite the hard restructuring decisions that we undertook in the fourth quarter, we ended the year with strong operational results. Wall Street is expecting earnings per share of 41 cents for the year. The company provided earnings per share guidance of 0.00-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38. Credit Suisse Group cut shares of First Solar from a neutral rating to an underperform rating and set a $29.00 price objective on the stock.in a research note on Wednesday. The stock has an operating margin of 40.90% and a net profit margin of -44.40% This appreciation has taken its price 61.34% above the 52-week low. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 2.5% where SMA50 and SMA200 are 0.59% and -15.11% respectively. The Market Capitalization of the company stands at 3.73 Billion.

A number of brokerages have recently commented on FSLR.

"Despite the hard restructuring decisions that we undertook in the fourth quarter, we ended the year with strong operational results", said Mark Widmar, CEO of First Solar. (NASDAQ:FSLR). According to First Call, the current consensus target price on shares is sitting at $34.10.

02/10/2017 - First Solar, Inc. had its "neutral" rating reiterated by analysts at Goldman Sachs.

First Solar was an early beneficiary of the first big solar wave.

First Solar, Inc. (NASDAQ:FSLR) share price decreased in the last trading session with a previous 52-week high of $74.29. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company. However, Zino boosted his one-year target price by $7 from $30 to $37 on the stock while keeping Hold rating.

On 08/03/2016, the stock reported the EPS of $0.87 where Analysts were projecting the EPS to be $0.55 showing a difference of $0.32. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. This is the current Zacks consensus EPS which was calculated at the time of writing. Capital World Investors now owns 7,100,000 shares of the solar cell manufacturer's stock worth $280,379,000 after buying an additional 4,225,000 shares during the period.

First Solar (NASDAQ:FSLR) has insider ownership of 0.40% and institutional ownership of 58.02%. Fourth quarter non-GAAP earnings per share, adjusted for restructuring charges and a tax expense associated with a distribution of cash to the United States, were $1.24.

Learn how you could trade stocks with 91% to 100% success rate by using this revolutionary indicator that predicts when certain stocks are on the move. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. The stock traded at a volume of 10.94 million shares.

Among analysts who offered their Analysis on First Solar, Inc.

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