Somewhat Positive Media Coverage Somewhat Unlikely to Affect First Solar (FSLR) Stock Price
Media coverage about First Solar (NASDAQ:FSLR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Solar earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the solar cell manufacturer an impact score of 45.9385292933938 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- Comparing First Solar (FSLR) & Its Peers (americanbankingnews.com)
- Snap Inc. (SNAP) is at $12.76 per share and First Solar, Inc. (FSLR) is listed at $61.59 – Stocks Gallery (stocksgallery.com)
- ETFs with exposure to First Solar, Inc. : November 13, 2017 (finance.yahoo.com)
- First Solar: Recovery In Progress (talkmarkets.com)
- Critical Comparison: First Solar (FSLR) & The Competition (americanbankingnews.com)
First Solar (NASDAQ FSLR) opened at $61.28 on Wednesday. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. First Solar has a one year low of $25.56 and a one year high of $62.57. The company has a market capitalization of $6,429.94, a PE ratio of 15.09 and a beta of 1.99.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. First Solar’s quarterly revenue was up 59.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 earnings per share. analysts forecast that First Solar will post 2.47 EPS for the current year.
A number of research analysts recently weighed in on FSLR shares. Axiom Securities reiterated a “buy” rating on shares of First Solar in a report on Wednesday, August 30th. Bank of America Corporation reiterated a “buy” rating and issued a $64.00 target price on shares of First Solar in a report on Tuesday, August 29th. Vetr upgraded First Solar from a “buy” rating to a “strong-buy” rating and set a $54.35 target price on the stock in a report on Wednesday, October 25th. Deutsche Bank AG upgraded First Solar from a “hold” rating to a “buy” rating and lifted their target price for the company from $50.00 to $65.00 in a report on Friday, September 15th. Finally, Zacks Investment Research cut First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. First Solar currently has an average rating of “Hold” and a consensus target price of $47.61.
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First Solar Company 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.
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