First Solar Receives Hold Rating from TheStreet (FSLR)
First Solar (NASDAQ:FSLR)‘s stock had its “hold” rating reiterated by equities researchers at TheStreet in a research report issued on Friday, ARN reports.
The analysts wrote, “First Solar (FSLR) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
In other First Solar news, EVP Carol Campbell unloaded 12,070 shares of First Solar stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $51.39, for a total transaction of $620,277.30. The transaction was disclosed in a filing with the SEC, which is available at this link.
First Solar (NASDAQ:FSLR) traded down 1.73% on Friday, hitting $50.58. 2,654,899 shares of the company’s stock traded hands. First Solar has a one year low of $24.46 and a one year high of $65.99. The stock’s 50-day moving average is $53.11 and its 200-day moving average is $49.10. The company has a market cap of $5.030 billion and a price-to-earnings ratio of 10.69.
A number of other analysts have also recently weighed in on FSLR. Analysts at Goldman Sachs Group Inc. downgraded shares of First Solar from a “buy” rating to a “sell” rating in a research note to investors on Monday, January 6th. They now have a $45.00 price target on the stock, down previously from $61.00. Analysts at Argus raised their price target on shares of First Solar from $51.00 to $70.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company’s stock. First Solar currently has a consensus rating of “Hold” and an average price target of $41.29.
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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