Brokerage Firm Rating Update on First Solar (FSLR)

First Solar (FSLR) : 17 analysts are covering First Solar (FSLR) and their average rating on the stock is 2.06, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

First Solar (FSLR) : The highest short term price target forecast on First Solar (FSLR) is $68 and the lowest target price is $44. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $56.4 with a standard deviation of $7.85.


For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Argus Research downgrades its ratings on First Solar (NASDAQ:FSLR). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 31, 2016.

First Solar (NASDAQ:FSLR): stock was range-bound between the intraday low of $38 and the intraday high of $39.101 after having opened at $39 on Wednesdays session. The stock finally closed in the red at $39, a loss of -1.24%. The stock remained in the red for the whole trading day. The total traded volume was 2,198,701 shares. The stock failed to cross $39.101 in Wednesdays trading. The stocks closing price on Thursday was $38.975.

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.

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