A number of firms have modified their ratings and price targets on shares of First Solar (NASDAQ: FSLR) recently:

  • 8/4/2017 – First Solar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Solar’s second-quarter results came in ahead of our expectations. While the company reported quarterly earnings, the Zacks Consensus Estimate was pegged at a loss for the quarter. On the other hand, the company’s top-line figure surpassed the consensus mark. Also First Solar’s raised guidance for 2017 buoys optimism for the stock’s growth. It continues to focus on retaining its competitive edge and aims to further consolidate its position in the market. Its constant product innovation efforts will continue to attract customers and expand its revenue stream. Moreover, the company outperformed the Zacks categorized Solar industry in the last one year. However, President Trump’s recent walk out from the landmark Paris deal, apart from initiatives to repeal the Clean Power Plan and boosting coal production has kept the entire solar industry under immense pressure.”
  • 8/3/2017 – First Solar was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/2/2017 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $48.61 price target on the stock.
  • 8/2/2017 – First Solar had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $55.00 price target on the stock.
  • 7/31/2017 – First Solar was downgraded by analysts at Vetr from a “buy” rating to a “sell” rating. They now have a $46.69 price target on the stock.
  • 7/29/2017 – First Solar was given a new $57.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/26/2017 – First Solar had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $54.00 price target on the stock, up previously from $38.00.
  • 7/26/2017 – First Solar had its price target raised by analysts at Roth Capital from $40.00 to $55.00. They now have a “buy” rating on the stock.
  • 7/25/2017 – First Solar had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $57.00 price target on the stock, up previously from $52.00.
  • 7/24/2017 – First Solar was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/19/2017 – First Solar was upgraded by analysts at Axiom Securities from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock, up previously from $45.40.
  • 7/19/2017 – First Solar was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 7/19/2017 – First Solar was given a new $47.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 7/19/2017 – First Solar was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating.
  • 7/18/2017 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the market. Its constant product innovation efforts will continue to attract customers and expand its revenue stream. Again, the booming solar market in the U.S. will propel its top-line growth. Moreover, the company outperformed the Zacks categorized Solar industry in the last one year. However, President Trump’s recent walk out from the landmark Paris deal, apart from boosting coal production has kept the entire solar industry under immense pressure.”
  • 7/17/2017 – First Solar was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $47.53 price target on the stock.
  • 7/12/2017 – First Solar was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the market. Its constant product innovation efforts will continue to attract customers and expand its revenue stream. Again, the booming solar market in the U.S. will propel its top-line growth. Moreover, the company outperformed the Zacks categorized Solar industry in the last one year. However, First Solar's top line is heavily skewed toward foreign sales, exposing the company to foreign exchange risks. Also the company faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems. Further, President Trump’s recent walk out from the landmark Paris deal, apart from boosting coal production has kept the entire solar industry under immense pressure.”
  • 7/11/2017 – First Solar had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/10/2017 – First Solar was given a new $40.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/4/2017 – First Solar was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Solar's top line is heavily skewed toward foreign sales, exposing the company to foreign exchange risks. Also First Solar faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems. Further, President Trump’s recent walk out from the landmark Paris deal, apart from boosting coal production has kept the entire solar industry under immense pressure. Moreover, the company’s 2018 earnings estimates have come down in last 60 days. Further, First Solar's use of Cadmium Telluride may pose a possible environmental hazard, which in turn may impose regulatory fines on the company. On a brighter note, First Solar continues to focus on retaining its competitive edge and aims to further consolidate its position in the market.”
  • 6/28/2017 – First Solar was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of First Solar, Inc. (NASDAQ FSLR) traded up 0.98% on Monday, reaching $48.45. 485,713 shares of the company were exchanged. First Solar, Inc. has a 52-week low of $25.56 and a 52-week high of $50.21. The stock has a 50 day moving average of $41.35 and a 200-day moving average of $34.90. The company’s market capitalization is $5.06 billion.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.60. The firm had revenue of $623 million for the quarter, compared to the consensus estimate of $591.55 million. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The firm’s revenue was down 38.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts predict that First Solar, Inc. will post $2.23 EPS for the current fiscal year.

In related news, CEO Mark R. Widmar sold 43,189 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $48.55, for a total transaction of $2,096,825.95. Following the sale, the chief executive officer now owns 107,454 shares of the company’s stock, valued at $5,216,891.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Raffi Garabedian sold 5,800 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $49.83, for a total transaction of $289,014.00. Following the sale, the insider now directly owns 11,474 shares in the company, valued at approximately $571,749.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,011 shares of company stock worth $4,661,550. 0.40% of the stock is owned by insiders.

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

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