First Solar (FSLR) Earning Positive Media Coverage, Study Shows
News articles about First Solar (NASDAQ:FSLR) have been trending positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Solar earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the solar cell manufacturer an impact score of 44.9971900359345 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- U.S. shares mixed at close of trade; Dow Jones Industrial Average up 0.20% (uk.investing.com)
- Lessons from the BRICS: India pushes (Solar) diplomacy to reset Cooperation (news.webindia123.com)
- What Happens If Trump Imposes Solar Tariffs? In a Word: Chaos (finance.yahoo.com)
- Analysts Anticipate First Solar, Inc. (FSLR) Will Announce Quarterly Sales of $797.34 Million (americanbankingnews.com)
- First Solar, Inc. (FSLR) Stock Price trades 30.09% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
Shares of First Solar (NASDAQ:FSLR) opened at 48.45 on Friday. The firm’s market capitalization is $5.06 billion. First Solar has a 12 month low of $25.56 and a 12 month high of $50.21. The stock’s 50 day moving average price is $47.71 and its 200-day moving average price is $38.02.
First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.60. First Solar had a positive return on equity of 6.43% and a negative net margin of 18.80%. The business had revenue of $623.00 million for the quarter, compared to the consensus estimate of $591.55 million. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was down 38.7% compared to the same quarter last year. On average, equities analysts anticipate that First Solar will post $2.11 earnings per share for the current fiscal year.
FSLR has been the subject of several analyst reports. Axiom Securities reaffirmed a “buy” rating on shares of First Solar in a research report on Thursday, August 10th. JMP Securities set a $67.00 target price on First Solar and gave the stock a “buy” rating in a research report on Wednesday, August 16th. ValuEngine raised First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. BidaskClub downgraded First Solar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Vetr downgraded First Solar from a “hold” rating to a “sell” rating and set a $45.99 target price for the company. in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. First Solar has a consensus rating of “Hold” and an average price target of $44.74.
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In other First Solar news, insider Bryan Robert Schumaker sold 1,235 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $40.00, for a total transaction of $49,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raffi Garabedian sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $49.83, for a total transaction of $289,014.00. Following the transaction, the insider now owns 11,474 shares of the company’s stock, valued at approximately $571,749.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,909 shares of company stock valued at $4,705,246. Corporate insiders own 0.58% of the company’s stock.
About First Solar
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.
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