Several analysts have recently updated their ratings and price targets for First Solar (NASDAQ: FSLR):

  • 9/17/2016 – First Solar was given a new $32.00 price target on by analysts at JMP Securities. They now have a “sell” rating on the stock.
  • 9/8/2016 – First Solar is now covered by analysts at JMP Securities. They set an “underperform” rating and a $32.00 price target on the stock.
  • 9/6/2016 – First Solar had its “buy” rating reaffirmed by analysts at Standpoint Research. They now have a $54.00 price target on the stock.
  • 8/31/2016 – First Solar was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $38.25 price target on the stock, up previously from $36.75.
  • 8/25/2016 – First Solar was downgraded by analysts at Barclays PLC from an “overweight” rating to a “neutral” rating.
  • 8/16/2016 – First Solar had its price target lowered by analysts at Goldman Sachs Group Inc. from $67.00 to $58.00. They now have a “buy” rating on the stock.
  • 8/10/2016 – First Solar had its price target lowered by analysts at Mizuho from $67.00 to $46.00. They now have a “neutral” rating on the stock.
  • 8/10/2016 – First Solar had its price target lowered by analysts at Barclays PLC from $68.00 to $50.00. They now have an “overweight” rating on the stock.
  • 8/5/2016 – First Solar had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $68.00 price target on the stock, down previously from $89.00.
  • 8/5/2016 – First Solar had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $50.00 price target on the stock, down previously from $65.00.
  • 8/5/2016 – First Solar had its “neutral” rating reaffirmed by analysts at Bank of America Corp.. They now have a $61.00 price target on the stock, down previously from $68.00.
  • 8/5/2016 – First Solar was downgraded by analysts at S&P Equity Research from a “buy” rating to a “hold” rating. They now have a $55.00 price target on the stock, down previously from $75.00.
  • 8/5/2016 – First Solar had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $56.00 price target on the stock.
  • 8/5/2016 – First Solar had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $55.00 price target on the stock, down previously from $70.00.
  • 8/4/2016 – First Solar had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $60.00 price target on the stock.
  • 8/4/2016 – First Solar had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $44.00 price target on the stock.
  • 8/4/2016 – First Solar had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $67.00 price target on the stock.
  • 8/3/2016 – First Solar was given a new $59.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 8/3/2016 – First Solar was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $54.99 price target on the stock.
  • 7/26/2016 – First Solar was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $50.01 price target on the stock.

First Solar Inc. (NASDAQ:FSLR) traded up 0.09% during trading on Wednesday, hitting $34.03. 2,536,960 shares of the stock traded hands. First Solar Inc. has a 52-week low of $33.74 and a 52-week high of $74.29. The company has a market cap of $3.48 billion, a P/E ratio of 5.01 and a beta of 1.86. The firm has a 50-day moving average price of $38.65 and a 200 day moving average price of $50.85.

First Solar (NASDAQ:FSLR) last released its earnings results on Wednesday, August 3rd. The solar cell manufacturer reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.32. The firm had revenue of $934.40 million for the quarter, compared to the consensus estimate of $862.68 million. First Solar had a net margin of 17.45% and a return on equity of 13.78%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities analysts expect that First Solar Inc. will post $4.25 EPS for the current year.

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In related news, EVP Christopher Bueter sold 29,384 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $44.23, for a total transaction of $1,299,654.32. Following the sale, the executive vice president now directly owns 17,718 shares of the company’s stock, valued at approximately $783,667.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Philip Dejong sold 67,251 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $44.28, for a total transaction of $2,977,874.28. Following the sale, the chief operating officer now directly owns 45,499 shares in the company, valued at $2,014,695.72. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems.

5 Day Chart for NASDAQ:FSLR

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