First Solar Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Mid Cap BlendCompany profile

First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016.

Closing Price
$45.30
Day's Change
0.00 (0.00%)
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Ask
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B/A Size
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Day's High
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Volume
(Light)
Volume:
0

10-day average volume:
2,123,368
0

Cirrus Logic target cut at Susquehanna as analyst says negative revision was worse than expected

9:33 am ET December 4, 2018 (MarketWatch)
Print

Susquehanna analyst Christopher Rolland lowered his price target on shares of Cirrus Logic Inc. (CRUS) to $43 from $48 on Tuesday, after the Apple Inc. (AAPL) supplier delivered a negative pre-announcement the prior afternoon. Given that other suppliers have cut their outlooks in recent weeks and that Cirrus shares fell sharply when Lumentum Holdings Inc. (LITE) delivered its warning in November, Rolland had assumed that most of the negative risk was priced into shares but called the new projections from Cirrus "a bit worse than we had expected." He has a positive rating on the stock and hopes that management will "revisit longer-term plans to ramp operating expenditures year over year." Oppenheimer's Rick Schafer also chimed in on the negative preannouncement. "We continue to see disappointing iPhone units and a lack of incremental Cirrus content at Apple (82% of revenues in F2Q) hindering growth," he wrote. Schafer has a perform rating on shares, which are down 3.1% in Tuesday morning trading. Apple shares are off 1.6% following the Cirrus warning and a downgrade to neutral (http://www.marketwatch.com/story/apple-stock-falls-after-hsbc-downgrade-2018-12-04) at HSBC. Cirrus's stock has fallen 29% so far this year, while the S&P 500 has risen 4.1%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 04, 2018 09:33 ET (14:33 GMT)

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