First Solar, Inc. (NASDAQ:FSLR) has received a consensus recommendation of “Hold” from the twenty-five analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $64.00.
Several analysts have recently commented on FSLR shares. Goldman Sachs Group reiterated a “neutral” rating and issued a $65.00 target price (up previously from $50.00) on shares of First Solar in a report on Thursday, November 30th. Vetr upgraded shares of First Solar from a “buy” rating to a “strong-buy” rating and set a $53.04 target price for the company in a report on Wednesday, October 11th. BidaskClub lowered shares of First Solar from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Needham & Company LLC upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, October 2nd.
In other First Solar news, CEO Mark R. Widmar sold 20,270 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the transaction, the chief executive officer now owns 100,754 shares in the company, valued at $6,488,557.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raffi Garabedian sold 11,284 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the transaction, 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. Insiders have sold 46,858 shares of company stock valued at $3,134,015 in the last quarter. Company insiders own 0.58% of the company’s stock.
Shares of First Solar (NASDAQ FSLR) opened at $71.09 on Friday. The company has a market cap of $7,420.00, a PE ratio of -17.09 and a beta of 2.04. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. First Solar has a 1-year low of $25.56 and a 1-year high of $76.61.
First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $1.11. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $859.22 million. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The firm’s revenue for the quarter was up 59.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 earnings per share. sell-side analysts expect that First Solar will post 2.52 EPS for the current year.
First Solar Company Profile
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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