First Solar (NASDAQ: FSLR) recently received a number of ratings updates from brokerages and research firms:

  • 10/11/2017 – First Solar was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $53.04 price target on the stock.
  • 10/2/2017 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 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. Moreover, the company outperformed the broader industry in the last 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.”
  • 9/26/2017 – First Solar had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $60.00 price target on the stock.
  • 9/26/2017 – First Solar had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $50.00 price target on the stock, down previously from $67.00.
  • 9/25/2017 – First Solar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $49.20 price target on the stock.
  • 9/18/2017 – First Solar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $48.80 price target on the stock.
  • 9/15/2017 – First Solar was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock, up previously from $50.00.
  • 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.

First Solar, Inc. (FSLR) opened at 47.20 on Thursday. The company’s market capitalization is $4.93 billion. The company’s 50-day moving average is $47.68 and its 200 day moving average is $40.16. First Solar, Inc. has a one year low of $25.56 and a one year high of $53.00.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.60. The firm had revenue of $623.00 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 business’s revenue for the quarter was down 38.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Analysts predict that First Solar, Inc. will post $2.11 EPS for the current year.

In other news, CFO Alexander R. Bradley sold 566 shares of the 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 completion of the transaction, the chief financial officer now owns 963 shares of the company’s stock, valued at $46,859.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Philip Dejong sold 21,091 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $49.73, for a total transaction of $1,048,855.43. Following the completion of the transaction, the chief operating officer now directly owns 23,646 shares of the company’s stock, valued at approximately $1,175,915.58. The disclosure for this sale can be found here. Insiders have sold 94,674 shares of company stock worth $4,655,846 over the last quarter. Corporate insiders own 0.58% 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 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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