A number of research firms have changed their ratings and price targets for First Solar (NASDAQ: FSLR):

  • 9/11/2017 – First Solar was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $48.80 price target on the stock.
  • 9/3/2017 – First Solar had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $57.00 price target on the stock.
  • 9/1/2017 – First Solar had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $50.00 price target on the stock.
  • 8/30/2017 – First Solar had its “buy” rating reaffirmed by analysts at Axiom Securities.
  • 8/29/2017 – First Solar had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $64.00 price target on the stock.
  • 8/24/2017 – First Solar had its “buy” rating reaffirmed by analysts at Axiom Securities.
  • 8/16/2017 – First Solar was given a new $67.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 8/16/2017 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $47.67 price target on the stock.
  • 8/14/2017 – First Solar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $45.99 price target on the stock.
  • 8/11/2017 – First Solar was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/10/2017 – First Solar had its “buy” rating reaffirmed by analysts at Axiom Securities.
  • 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 downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” 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 upgraded by analysts at TheStreet from a “d+” rating to a “c” 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.

Shares of First Solar, Inc. (NASDAQ FSLR) traded up 1.75% during trading on Thursday, reaching $47.65. 490,740 shares of the company’s stock were exchanged. First Solar, Inc. has a 52 week low of $25.56 and a 52 week high of $50.21. The stock’s market capitalization is $4.98 billion. The stock has a 50 day moving average price of $47.59 and a 200-day moving average price of $37.88.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.60. The firm had revenue of $623.00 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.87 EPS. Analysts predict that First Solar, Inc. will post $2.11 earnings per share for the current year.

In other First Solar news, CFO Alexander R. Bradley sold 566 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $48.66, for a total value of $27,541.56. Following the transaction, the chief financial officer now directly owns 963 shares in the company, valued at approximately $46,859.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Raffi Garabedian sold 5,800 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.83, for a total transaction of $289,014.00. Following the completion of the transaction, the insider now owns 11,474 shares in the company, valued at $571,749.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,909 shares of company stock worth $4,705,246. 0.58% 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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