A number of research firms have changed their ratings and price targets for First Solar (NASDAQ: FSLR):

  • 3/9/2018 – First Solar was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/7/2018 – First Solar was upgraded by analysts at Standpoint Research from a “hold” rating to an “accumulate” rating. They now have a $84.00 price target on the stock.
  • 2/23/2018 – First Solar was given a new $75.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 2/22/2018 – First Solar was downgraded by analysts at Miller Tabak from a “buy” rating to a “hold” rating.
  • 2/16/2018 – First Solar was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/13/2018 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the solar market. In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. It is able to develop economically sustainable businesses as it has established its expertise in PV generation solutions as well as in other areas of the solar-value chain. The company also outperformed the broader industry in the last year. However, the company faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems.”
  • 2/12/2018 – First Solar is now covered by analysts at Credit Suisse Group AG. They set an “underperform” rating and a $55.00 price target on the stock.
  • 2/7/2018 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the solar market.  In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. It is able to develop economically sustainable businesses as it has established its expertise in PV generation solutions as well as in other areas of the solar-value chain. The company looks to strengthen its presence in the Middle East, Australia, Japan and India and also expand operations into countries like France, Israel, Indonesia, Malaysia, Thailand and the Philippines. The company also outperformed the broader industry in the last year.  However, the company faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems.”
  • 2/6/2018 – First Solar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the solar market.  In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. The company also outperformed the broader industry in the last year.  However, President Trump’s recent walk out from the landmark Paris deal, apart from initiatives to repeal the Clean Power Plan and boost coal production has kept the entire solar industry under immense pressure. First Solar also faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems.”
  • 2/5/2018 – First Solar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $65.52 price target on the stock.
  • 2/2/2018 – First Solar was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/2/2018 – First Solar was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/1/2018 – First Solar had its price target raised by analysts at JMP Securities to $84.00. They now have an “outperform” rating on the stock.
  • 1/30/2018 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $65.52 price target on the stock.
  • 1/18/2018 – First Solar had its “neutral” rating reaffirmed by analysts at Guggenheim. They noted that the move was a valuation call. They noted that the move was a valuation call.

First Solar, Inc. (FSLR) opened at $69.15 on Wednesday. The company has a quick ratio of 5.63, a current ratio of 5.89 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $7,220.00, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 3.96 and a beta of 2.08. First Solar, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $76.61.

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First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $459.93 million. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. The firm’s revenue for the quarter was down 29.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. equities research analysts forecast that First Solar, Inc. will post 1.67 earnings per share for the current fiscal year.

In other First Solar news, insider Raffi Garabedian sold 11,284 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $646,443.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark R. Widmar sold 20,574 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $63.90, for a total value of $1,314,678.60. Following the completion of the sale, the chief executive officer now directly owns 78,634 shares of the company’s stock, valued at $5,024,712.60. The disclosure for this sale can be found here. Insiders sold a total of 53,640 shares of company stock worth $3,586,500 in the last 90 days. 0.58% of the stock is currently owned by insiders.

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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