Vetr cut shares of First Solar from a "hold" rating to a "sell" rating and set a $66.83 target price on the stock.in a research note on Wednesday, January 3rd. If the $76.25 price target is reached, the company will be worth $231.93 million more.
Several research firms have recently weighed in on FSLR. Argus Research maintained it with "Buy" rating and $135 target in Wednesday, January 27 report. (NASDAQ:FSLR) earned "Buy" rating by Standpoint Research on Friday, October 30. Finally, JMP Securities raised First Solar to a "market perform" rating in a research report on Tuesday, December 6th. JPMorgan Chase & Co. set a $69.00 price objective on shares of First Solar and gave the company a "hold" rating in a research note on Monday, December 18th. Agf Investments America Inc., a Ontario - Canada-based fund reported 60,371 shares. (NASDAQ:FSLR) for 7,857 shares. KeyBanc Capital Markets maintained the shares of FOE in report on Friday, November 10 with "Overweight" rating. 6,341,200 shares of the stock traded hands, compared to its average volume of 2,234,137. The company operates in the Technology sector with a market capitalization of 7.96 Million. 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 recent change has given its price a 18.41% lead over SMA 50 and 6.23% lead over its 52-week high.
First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 26th. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $859.22 million. The return on assets stands at -6.3%, Return on Equity now is -8.1% and the Return on Investment value is -10.4%. The company's revenue was up 59.5% compared to the same quarter previous year. After $1.95 actual earnings per share reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -116.92% negative EPS growth. (NASDAQ:FSLR) was sold by KALETA PAUL J. Schumaker Bryan Robert sold $16,155 worth of stock or 332 shares. The stock was sold at an average price of $67.83, for a total transaction of $1,038,070.32.
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Greatmark Investment Partners Inc, which manages about $285.51M and $261.31 million US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 1,180 shares to 2,385 shares, valued at $747,000 in 2017Q3, according to the filing. Janus Capital Management LLC boosted its position in shares of First Solar by 763.9% in the second quarter. It is negative, as 48 investors sold FSLR shares while 83 reduced holdings. Following the transaction, the chief operating officer now owns 10,424 shares of the company's stock, valued at $707,059.92. 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 90 days. Trading volume for First Solar, Inc. was 6.34 Million in its previous trading session. State Of Wisconsin Invest Board owns 0% invested in First Solar, Inc. Goldman Sachs maintained First Solar, Inc. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer's stock worth $201,000 after purchasing an additional 1,716 shares during the period. Finally, Credit Suisse AG boosted its position in shares of First Solar by 269.5% in the second quarter. Parkside Financial Bank & Trust acquired 10,305 shares as Oracle Corp (ORCL)'s stock rose 5.35%. Vanguard Gru stated it has 0.01% of its portfolio in First Solar, Inc. The firm owned 7,100,000 shares of the solar cell manufacturer's stock after buying an additional 4,225,000 shares during the period. (NASDAQ:AAPL) shares were sold by LEVINSON ARTHUR D. On Thursday, August 24 the insider COOK TIMOTHY D sold $43.15M. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & global copyright and trademark laws.
Analysts await First Solar, Inc. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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The Lakers Just Won Their 3rd Straight
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