First Solar Target of Unusually Large Options Trading (FSLR)
Shares of First Solar (NASDAQ:FSLR) saw some unusual options trading on Friday. Stock investors bought 22,916 call options on the stock, Analyst RN reports. This represents an increase of 128% compared to the typical volume of 10,049 call options.
A number of analysts have recently weighed in on FSLR shares. Analysts at TheStreet reiterated a “hold” rating on shares of First Solar in a research note on Friday, January 31st. Finally, analysts at Goldman Sachs downgraded shares of First Solar from a “buy” rating to a “sell” rating in a research note on Monday, January 6th. They now have a $45.00 price target on the stock, down previously from $61.00. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.29.
Shares of First Solar (NASDAQ:FSLR) traded up 0.61% on Friday, hitting $53.17. 3,186,253 shares of the company’s stock traded hands. First Solar has a 1-year low of $24.46 and a 1-year high of $65.99. The stock’s 50-day moving average is $51.64 and its 200-day moving average is $49.22. The company has a market cap of $5.287 billion and a P/E ratio of 10.98.
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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