Media headlines about First Solar (NASDAQ:FSLR) have trended positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Solar earned a media sentiment score of 2.50 on their scale. InfoTrie also assigned media stories about the solar cell manufacturer an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected First Solar’s analysis:
- Ramping up the expectation: United Technologies Corporation (UTX), First Solar, Inc. (FSLR) (finbulletin.com)
- Origis Energy breaks ground on 200-MW solar project in Georgia (renewablesnow.com)
- PV ModuleTech 2018: Creating Series 6 and sustainability in manufacturing with First Solar (pv-tech.org)
- TVA Partners With First Solar & NextEra To Build 377 Megawatts Of Solar For Facebook (cleantechnica.com)
- Investigation for Investors in shares of First Solar, Inc. (NASDAQ: FSLR) announced (openpr.com)
NASDAQ FSLR opened at $42.22 on Friday. The company has a market cap of $4.49 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.38. First Solar has a one year low of $36.51 and a one year high of $81.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.14 and a current ratio of 4.48.
First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 25th. The solar cell manufacturer reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The business had revenue of $676.22 million for the quarter, compared to analyst estimates of $683.93 million. First Solar had a positive return on equity of 1.29% and a negative net margin of 17.98%. Analysts forecast that First Solar will post 1.52 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. BidaskClub raised First Solar from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Morgan Stanley cut their price target on First Solar from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, July 16th. Zacks Investment Research raised First Solar from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Vertical Group raised First Solar from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Finally, JMP Securities raised First Solar from an “underperform” rating to a “market perform” rating in a report on Friday, October 26th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $68.03.
In related news, insider Raffi Garabedian sold 3,863 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $51.61, for a total transaction of $199,369.43. Following the sale, the insider now directly owns 2,057 shares in the company, valued at approximately $106,161.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.
First Solar Company Profile
First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.
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