First Solar Jumps As Coverage Initiated With Buy Rating

Vertical Group “Time To

Vertical Group “Time To

If the $76.25 price target is reached, the company will be worth $231.93 million more. had 42 analyst reports since August 4, 2015 according to SRatingsIntel. (NASDAQ:FSLR). James Investment Rech has 0.07% invested in First Solar, Inc. The firm has "Buy" rating by Goldman Sachs given on Tuesday, January 5. (NASDAQ:FSLR) by some 9,253,757 shares, 150 decreased positions by 12,125,687 and 56 held positions by 31,415,557. Finally, Robert W. Baird reaffirmed a "hold" rating and issued a $53.00 price target on shares of First Solar in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Vetr cut shares of First Solar from a "hold" rating to a "sell" rating and set a $66.83 target price on the a research note on Wednesday, January 3rd. (NASDAQ:FSLR). Jump Trading Limited Liability holds 0.01% in First Solar, Inc. The stock had a trading volume of 6,340,000 shares, compared to its average volume of 2,110,000. 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 total amount of shares outstanding is 104.39 million, giving the company a market capitalization of about 7.27 billion. First Solar has a 12-month low of $25.56 and a 12-month high of $76.61. (NASDAQ:FSLR) by 147.0% during the third quarter, Holdings Channel reports. The solar cell manufacturer reported $1.95 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates 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%.

Shares of solar energy firm First Solar, Inc. Of those transactions, there were 46,773 shares of FSLR bought and 211,152 shares sold. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00.

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. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.07 average brokerage recommendation. The disclosure for this sale can be found here.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 7.18 million shares, VANGUARD GROUP INC with 6.6 million shares, DEUTSCHE BANK AG with 3.12 million shares, WELLINGTON MANAGEMENT GROUP LLP with 3.02 million shares, and STATE STREET CORP with 2.38 million shares.

Institutional investors and hedge funds have recently made changes to their positions in the business.

Meanwhile, during the same quarter First Solar, Inc.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, October 26th. 23,696 shares were sold by KALETA PAUL J, worth $1.18 million on Tuesday, August 1. Janus Capital Management LLC boosted its position in shares of First Solar by 763.9% in the second quarter. Bank of New York Mellon Corp lifted its holdings in First Solar by 6.0% during the third quarter. According to their observations and findings, the stock could provide a high EPS of $-0.24/share and a low EPS of $-0.41/share. First Solar, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that COO Dejong Philip has sold 15,304 shares of First Solar, Inc.

Looking at the multiyear weekly chart, we see that the January 11 rally finally pushed FSLR stock above a simple horizontal line around the low $70s, that has been a source of technical resistance since 2014. (NASDAQ:FSLR) on Tuesday, August 16 with "Buy" rating. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and global copyright law.

Travis Hoium owns shares of First Solar. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology.

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