First Solar (NASDAQ:FSLR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.89 by 18 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Wells Fargo initiates coverage on First Solar (NASDAQ:FSLR). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on June 2, 2016.
First Solar (NASDAQ:FSLR) stock has received a short term price target of $ 72.14 from 14 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $9.36. The higher estimate of target price is $89 , while the lower price target estimate is $51
First Solar (NASDAQ:FSLR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.83% or 0.41 points. After the session commenced at $49.4, the stock reached the higher end at $49.5067 while it hit a low of $48. With the volume soaring to 1,343,100 shares, the last trade was called at $48.91. The company has a 52-week high of $74.29. The company has a market cap of $5,001 million and there are 102,245,107 shares in outstanding. The 52-week low of the share price is $40.25.
Shares of First Solar, Inc. rose by 2.13% in the last five trading days and 1.85% for the last 4 weeks. First Solar, Inc. has dropped 31.39% during the last 3-month period . Year-to-Date the stock performance stands at -25.88%.
First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design, manufacture and sale of solar modules, which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential, commercial and industrial applications, including solar power system project developers, system integrators and solar plant operators, throughout the Americas, Asia, Australia, the Middle East and Africa.