Analyst Rating Update on First Solar (FSLR)

First Solar (NASDAQ:FSLR) has an average broker rating of 1.89, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

First Solar (NASDAQ:FSLR) : The highest short term price target forecast on First Solar (NASDAQ:FSLR) is $89 and the lowest target price is $51. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $72.14 with a standard deviation of $9.36.

For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo initiates coverage on First Solar (NASDAQ:FSLR). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on June 2, 2016.

First Solar (NASDAQ:FSLR): stock turned positive on Tuesday. Though the stock opened at $44.99, the bulls momentum made the stock top out at $46.45 level for the day. The stock recorded a low of $44.8 and closed the trading day at $46.37, in the green by 4.84%. The total traded volume for the day was 1,888,729. The stock had closed at $44.23 in the previous days trading.

In an insider trading activity, Hughes James Alton, director officer (Chief Executive Officer) of First Solar, Inc., unloaded 12,884 shares at an average price of $55.53 on May 2, 2016. The total amount of the transaction was worth $715,449, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *