Analysts’ Recent Ratings Updates for First Solar (FSLR)
Several investment firms have updated their stock ratings and price targets on shares of First Solar (NASDAQ: FSLR) in the last week:
- First Solar is now covered by analysts at FBR Capital Markets. They set a “market perform” rating and a $55.00 price target on the stock.
- First Solar had its “market perform” rating reaffirmed by analysts at Cowen and Company.
- First Solar had its price target raised by analysts at Robert W. Baird from $62.00 to $67.00. They now have an “outperform” rating on the stock.
- First Solar had its “hold” rating reaffirmed by analysts at TheStreet. They 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.”
- First Solar had its price target lowered by analysts at Goldman Sachs from $45.00 to $42.00. They now have a “sell” rating on the stock.
- First Solar was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $67.00 price target on the stock, up previously from $62.00.
Shares of First Solar, Inc. (NASDAQ:FSLR) traded up 8.44% during mid-day trading on Thursday, hitting $57.19. The stock had a trading volume of 9,740,842 shares. First Solar, Inc. has a 52 week low of $24.46 and a 52 week high of $65.99. The stock’s 50-day moving average is $51.88 and its 200-day moving average is $49.87. The company has a market cap of $5.687 billion and a P/E ratio of 10.96.
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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