First Solar (FSLR) Earns News Sentiment Score of 0.13
Media headlines about First Solar (NASDAQ:FSLR) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of 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 closest to one being the most favorable. First Solar earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the solar cell manufacturer an impact score of 46.0307659275087 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Why Wind and Solar Energy Costs Aren’t Dropping Like They Used To (finance.yahoo.com)
- Head to Head Analysis: Sunrun (RUN) versus First Solar (FSLR) (americanbankingnews.com)
- First Solar, Inc. Stock Is on the Verge of a Breakout (investorplace.com)
- Comparing First Solar (FSLR) & Its Peers (americanbankingnews.com)
- ETFs with exposure to First Solar, Inc. : November 13, 2017 (finance.yahoo.com)
Several research analysts have issued reports on the company. Zacks Investment Research lowered First Solar from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Vetr upgraded First Solar from a “sell” rating to a “buy” rating and set a $64.01 target price for the company in a research report on Tuesday, October 31st. Roth Capital set a $60.00 target price on First Solar and gave the company a “buy” rating in a research report on Monday, October 30th. Needham & Company LLC upgraded First Solar from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “hold” rating and set a $53.00 target price on shares of First Solar in a research report on Friday, October 27th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.91.
First Solar (NASDAQ:FSLR) traded up $0.88 during midday trading on Monday, hitting $61.06. The company had a trading volume of 1,341,212 shares, compared to its average volume of 2,799,688. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. First Solar has a 52-week low of $25.56 and a 52-week high of $62.57. The firm has a market cap of $6,380.00, a P/E ratio of 14.75 and a beta of 1.99.
First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $1.11. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. During the same period in the prior year, the firm earned $1.22 EPS. The firm’s revenue was up 59.5% on a year-over-year basis. sell-side analysts predict that First Solar will post 2.47 earnings per share for the current year.
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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