Analysts’ Weekly Ratings Changes for First Solar (FSLR)

Several analysts have recently updated their ratings and price targets for First Solar (NASDAQ: FSLR):

  • 1/6/2018 – First Solar was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/3/2018 – First Solar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $66.83 price target on the stock.
  • 1/2/2018 – First Solar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 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. First Solar expects to eventually add more scope such as EPC and O&M services that would increase its overall systems bookings number. 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.”
  • 12/31/2017 – First Solar was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/27/2017 – First Solar was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. Moreover, the company faces intense competition from manufacturers of crystalline-silicon solar modules as well as other types of solar modules and PV systems.”
  • 12/26/2017 – First Solar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $68.12 price target on the stock.
  • 12/25/2017 – 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.
  • 12/18/2017 – 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.”

Shares of First Solar, Inc. (NASDAQ:FSLR) traded up $0.45 during trading on Tuesday, reaching $69.62. 1,067,300 shares of the company’s stock traded hands, compared to its average volume of 1,759,440. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. The stock has a market capitalization of $7,310.00, a PE ratio of -16.74 and a beta of 2.04. First Solar, Inc. has a twelve month low of $25.56 and a twelve month high of $71.80.

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

In other news, insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $70.06, for a total value of $790,557.04. Following the completion of the sale, the insider now directly owns 9,227 shares in the company, valued at $646,443.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction that occurred on 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 of the company’s stock, valued at $6,488,557.60. The disclosure for this sale can be found here. Insiders sold 46,858 shares of company stock valued at $3,134,015 over the last ninety days. 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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