First Solar Sees Unusually Large Options Volume (FSLR)
First Solar (NASDAQ:FSLR) was the recipient of unusually large options trading on Friday. Stock traders purchased 46,664 call options on the company, American Banking News reports. This represents an increase of 181% compared to the average volume of 16,595 call options.
A number of research firms have recently commented on FSLR. Analysts at Goldman Sachs Group Inc. reiterated a “positive” rating on shares of First Solar in a research note to investors on Wednesday, October 16th. Separately, analysts at TheStreet reiterated a “hold” rating on shares of First Solar in a research note to investors on Monday, October 14th. Finally, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of First Solar in a research note to investors on Thursday, October 10th. They now have a $34.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. First Solar currently has an average rating of “Hold” and a consensus price target of $35.43.
First Solar (NASDAQ:FSLR) opened at 49.97 on Monday. First Solar has a one year low of $22.20 and a one year high of $59.00. The stock has a 50-day moving average of $40.8 and a 200-day moving average of $43.5. The company has a market cap of $4.879 billion and a price-to-earnings ratio of 13.24.
First Solar (NASDAQ:FSLR) last released its earnings data on Tuesday, August 6th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.14. The company had revenue of $520.00 million for the quarter, compared to the consensus estimate of $721.08 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 45.7% on a year-over-year basis. Analysts expect that First Solar will post $3.76 EPS for the current fiscal year.
First Solar, Inc manufactures and sells photovoltaic (NASDAQ:FSLR) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems.
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