BidaskClub upgraded shares of First Solar (NASDAQ:FSLR) from a buy rating to a strong-buy rating in a report published on Friday morning.
FSLR has been the topic of a number of other reports. Goldman Sachs Group reaffirmed a neutral rating and set a $65.00 price target (up from $50.00) on shares of First Solar in a research note on Thursday, November 30th. Vetr cut shares of First Solar from a hold rating to a sell rating and set a $65.52 price objective on the stock. in a research note on Monday, February 5th. JMP Securities increased their price objective on shares of First Solar to $84.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Zacks Investment Research raised shares of First Solar from a hold rating to a strong-buy rating and set a $73.00 price objective on the stock in a research note on Wednesday, February 7th. Finally, Cowen reissued an outperform rating and issued a $77.00 price objective (up from $60.00) on shares of First Solar in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. First Solar has an average rating of Buy and an average target price of $69.83.
First Solar (FSLR) opened at $67.90 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.63 and a current ratio of 5.89. First Solar has a 12 month low of $25.56 and a 12 month high of $76.61. The firm has a market cap of $7,093.83, a price-to-earnings ratio of 26.22, a PEG ratio of 3.96 and a beta of 2.08.
In other First Solar news, insider Georges Antoun sold 1,220 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $68.25, for a total value of $83,265.00. Following the transaction, the insider now directly owns 86,012 shares in the company, valued at approximately $5,870,319. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Raffi Garabedian sold 11,284 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $70.06, for a total transaction of $790,557.04. Following the completion of the transaction, the insider now owns 9,227 shares in the company, valued at $646,443.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,382 shares of company stock worth $3,226,571. 0.58% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Green Square Capital LLC purchased a new position in First Solar in the 4th quarter valued at about $207,000. Xact Kapitalforvaltning AB purchased a new position in First Solar in the 4th quarter valued at about $485,000. Compagnie Lombard Odier SCmA lifted its holdings in First Solar by 145.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,700 shares of the solar cell manufacturer’s stock valued at $182,000 after purchasing an additional 1,600 shares in the last quarter. Slow Capital Inc. purchased a new position in First Solar in the 4th quarter valued at about $522,000. Finally, Banco de Sabadell S.A purchased a new position in First Solar in the 4th quarter valued at about $232,000. Institutional investors own 53.50% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “First Solar (FSLR) Upgraded to “Strong-Buy” at BidaskClub” was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.themarketsdaily.com/2018/03/12/first-solar-fslr-upgraded-to-strong-buy-at-bidaskclub.html.
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.
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.