Impact of Brokerage Rating on First Solar, Inc.(FSLR)

Many First Solar, Inc.(FSLR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. First Solar was Downgraded by JMP Securities to Mkt Underperform on Jan 24, 2017. First Solar was Downgraded by Macquarie to Neutral on Nov 23, 2016. First Solar was Downgraded by UBS on Nov 18, 2016 to Sell, Lowers Price Target to $ 25 from a previous price target of $45 .First Solar was Reiterated by Mizuho on Nov 17, 2016 to Neutral, Lowers Price Target to $ 30 from a previous price target of $46 .First Solar was Upgraded by JMP Securities to Mkt Perform on Nov 17, 2016.

Company has reported several Insider transactions to the SEC, on Aug 9, 2016, Alexander R. Bradley (Chief Financial Officer) sold 566 shares at 43.77 per share price.On Aug 8, 2016, Philip Dejong (Chief Operating Officer) sold 67,251 shares at 44.17 per share price.On Aug 8, 2016, Raffi Garabedian (Chief Technology Officer) sold 90,000 shares at 44.17 per share price.

First Solar Last issued its quarterly earnings results on Nov 2, 2016. The company reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.56. Analyst had a consensus of $0.66. The company had revenue of $688.00 million for the quarter, compared to analysts expectations of $985.39 million. The companys revenue was down -45.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.38 EPS.

First Solar, Inc. (NASDAQ:FSLR) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.79 by 19 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 11 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell.

First Solar, Inc. (NASDAQ:FSLR): According to 12 Analysts, The short term target price has been estimated at $ 35.The target price could deviate by a maximum of $6.69 from the forecast price. In the near term, the target price could hit a high of $50 and a low of $ 25.

First Solar, Inc. (NASDAQ:FSLR) rose 1.77% or 0.59 points on Tuesday and made its way into the gainers of the day. After trading began at $33.25 the stock was seen hitting $33.96 as a peak level and $32.79 as the lowest level. The stock ended up at $33.92. The daily volume was measured at 1,605,475 shares. The 52-week high of the share price is $74.29 and the 52-week low is $28.6. The company has a market cap of $3,525 million.

FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.


For any feedback and suggestions contact author at

Add Comment