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

  • 12/18/2017 – First Solar was given a new $69.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “hold” rating on the stock.
  • 12/14/2017 – First Solar is now covered by analysts at Bank of America Corp. They set a “neutral” rating and a $70.00 price target on the stock.
  • 12/14/2017 – First Solar had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $70.00 price target on the stock.
  • 12/14/2017 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $66.50 price target on the stock.
  • 12/12/2017 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $81.00 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 solar market.  In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. The company also 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 boost coal production has kept the entire solar industry under immense pressure.”
  • 12/12/2017 – First Solar was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/11/2017 – First Solar was given a new $80.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 12/11/2017 – First Solar was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $82.00 price target on the stock, up previously from $69.00.
  • 12/7/2017 – First Solar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $65.50 price target on the stock.
  • 12/6/2017 – First Solar had its price target raised by analysts at Deutsche Bank AG from $65.00 to $75.00. They now have a “buy” rating on the stock.
  • 12/6/2017 – First Solar had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $77.00 price target on the stock, up previously from $60.00.
  • 12/4/2017 – First Solar was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $65.10 price target on the stock.
  • 12/1/2017 – First Solar was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 12/1/2017 – First Solar had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $65.00 price target on the stock.
  • 12/1/2017 – First Solar was given a new $70.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 11/30/2017 – First Solar had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $65.00 price target on the stock, up previously from $50.00.
  • 11/10/2017 – First Solar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Solar’s third-quarter 2017 earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year. The company also raised its 2017 earnings guidance. Meanwhile, it continues to focus on retaining its competitive edge and aims to further consolidate its position in the solar market.  In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. The company also 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 boost coal production has kept the entire solar industry under immense pressure.”
  • 10/31/2017 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “First Solar’s third-quarter 2017 earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year. The company also raised its 2017 earnings guidance. Meanwhile, it continues to focus on retaining its competitive edge and aims to further consolidate its position in the solar market.  In fact, First Solar’s constant product innovation efforts will continue to attract customers and expand its revenue stream. The company also 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 boost coal production has kept the entire solar industry under immense pressure.”
  • 10/31/2017 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $64.01 price target on the stock.
  • 10/30/2017 – First Solar was given a new $60.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 10/27/2017 – First Solar was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. They wrote, “robust” bookings activity that will cover most of its supply through 2020. Beyond the end of the decade, the company will likely see strong demand along with better pricing to support growth, the analyst wrote in the upgrade note. While sales will likely re-accelerate in mid-2018, so will the company’s profit, which will support a solid top- and bottom-line growth in 2019 and beyond.One of the main drivers of a Hold rating was based on concerns of First Solar’s slowing system business, but now it is likely that the company will report upside to its own target of approximately 1GW of system shipments per year based on growing demand, up-selling potential and expansion in international markets.First Solar also stands to benefit from the political climate, Mok also said. Specifically, the United States International Trade Commission’s recommendation for President Donald Trump to impose significant remedies on solar module importers could be the next catalyst for First Solar’s stock.Finally, the company will host an Analyst Day presentation on Dec. 5 in which management will likely discuss its long-term plan. Investors should be aware that the stock rallied on average approximately 20 percent over the past three similar events, the analyst said (see his track record here).”While heading into a near-term 1H18 financial trough, we believe the improved visibility into a more robust long-term outlook will support a higher share price,”
  • 10/27/2017 – First Solar had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $53.00 price target on the stock.

First Solar, Inc. (NASDAQ:FSLR) opened at $68.85 on Monday. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $71.80. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $7,160.00, a PE ratio of -16.55 and a beta of 2.03.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, topping the consensus estimate of $0.84 by $1.11. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $859.22 million. During the same quarter last year, the company earned $1.22 EPS. The firm’s revenue was up 59.5% compared to the same quarter last year. equities analysts expect that First Solar, Inc. will post 2.52 earnings per share for the current year.

In other news, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the sale, the chief executive officer now owns 100,754 shares in the company, valued at approximately $6,488,557.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $70.06, for a total value of $790,557.04. Following the sale, the insider now owns 9,227 shares of the company’s stock, valued at approximately $646,443.62. The disclosure for this sale can be found here. 0.58% of the stock is owned by company 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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