Guggenheim reaffirmed their neutral rating on shares of First Solar (NASDAQ:FSLR) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on FSLR. Vetr downgraded First Solar from a hold rating to a sell rating and set a $49.20 price objective on the stock. in a research note on Monday, September 25th. Roth Capital reaffirmed a buy rating and issued a $60.00 price objective on shares of First Solar in a research note on Tuesday, September 26th. JMP Securities reaffirmed an outperform rating and issued a $50.00 price objective (down previously from $67.00) on shares of First Solar in a research note on Tuesday, September 26th. Zacks Investment Research raised First Solar from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a hold rating and issued a $53.00 price objective on shares of First Solar in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $63.13.

Shares of First Solar (FSLR) traded down $1.06 during trading hours on Thursday, reaching $70.03. The company’s stock had a trading volume of 1,430,107 shares, compared to its average volume of 1,616,284. The stock has a market capitalization of $7,313.44, a PE ratio of -15.99 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. First Solar has a fifty-two week low of $25.56 and a fifty-two week high of $76.61.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $1.11. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The business’s revenue for the quarter was up 59.5% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. equities analysts forecast that First Solar will post 2.52 earnings per share for the current year.

In other First Solar news, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $64.40, for a total value of $1,305,388.00. Following the sale, the chief executive officer now owns 100,754 shares of the company’s stock, valued at approximately $6,488,557.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $70.06, for a total value of $790,557.04. Following the completion of the sale, the insider now directly owns 9,227 shares in the company, valued at approximately $646,443.62. The disclosure for this sale can be found here. Insiders have sold a total of 46,858 shares of company stock worth $3,134,015 in the last three months. 0.58% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Personal Capital Advisors Corp increased its stake in First Solar by 4.0% in the 4th quarter. Personal Capital Advisors Corp now owns 383,309 shares of the solar cell manufacturer’s stock worth $25,881,000 after acquiring an additional 14,805 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in First Solar in the 4th quarter worth approximately $324,000. Community Financial Services Group LLC bought a new stake in First Solar in the 4th quarter worth approximately $239,000. CAPROCK Group Inc. bought a new stake in First Solar in the 4th quarter worth approximately $259,000. Finally, Schwab Charles Investment Management Inc. increased its stake in First Solar by 2.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 299,590 shares of the solar cell manufacturer’s stock worth $20,229,000 after acquiring an additional 7,197 shares during the last quarter. 50.88% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for First Solar (NASDAQ:FSLR)

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