Shares of First Solar, Inc. (NASDAQ:FSLR – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $227.96.
A number of research firms have recently weighed in on FSLR. Janney Montgomery Scott began coverage on First Solar in a research note on Friday. They issued a “buy” rating and a $236.00 price target on the stock. Mizuho increased their price target on First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer increased their price target on First Solar from $268.00 to $269.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Bank of America increased their price target on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company downgraded First Solar from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $215.00 to $187.00 in a research note on Monday, January 8th.
Check Out Our Latest Analysis on First Solar
Insiders Place Their Bets
Hedge Funds Weigh In On First Solar
Several hedge funds have recently modified their holdings of the stock. First Pacific Financial acquired a new stake in First Solar in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in First Solar in the 4th quarter valued at about $27,000. Estabrook Capital Management acquired a new stake in First Solar in the 3rd quarter valued at about $29,000. Baystate Wealth Management LLC acquired a new stake in First Solar in the 4th quarter valued at about $29,000. Finally, Headinvest LLC acquired a new stake in First Solar in the 3rd quarter valued at about $30,000. Institutional investors own 92.08% of the company’s stock.
First Solar Stock Down 3.6 %
NASDAQ:FSLR opened at $175.96 on Friday. The stock’s fifty day moving average price is $158.95 and its two-hundred day moving average price is $155.69. First Solar has a 52-week low of $129.21 and a 52-week high of $232.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.55. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 0.31 and a beta of 1.41.
First Solar (NASDAQ:FSLR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts anticipate that First Solar will post 13.53 EPS for the current year.
First Solar Company Profile
First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.
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