First Solar Given “Hold” Rating at TheStreet (FSLR)
First Solar (NASDAQ:FSLR)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Monday, StockRatingsNetwork 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.”
A number of other firms have also recently commented on FSLR. Analysts at Robert W. Baird raised their price target on shares of First Solar to $62.00 in a research note on Monday. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of First Solar in a research note on Thursday. Finally, analysts at FBR Capital Markets initiated coverage on shares of First Solar in a research note on Wednesday, February 19th. They set a “market perform” rating and a $55.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.50.
First Solar (NASDAQ:FSLR) opened at 56.90 on Monday. 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 $51.65 and its 200-day moving average is $49.51. The company has a market cap of $5.658 billion and a P/E ratio of 11.62.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.