Analyst Price Target Update on First Solar (NASDAQ:FSLR)

First Solar (NASDAQ:FSLR): The stock price is expected to reach $ 72.57 in the short term. The number of analysts agreeing with this consensus is 14. The higher estimate for the short term price target is at $89 while the lower estimate is at $51. The standard deviation of the price stands at $9.19.

Many analysts have stated their opinion on the company shares. Wells Fargo initiates coverage on First Solar (NASDAQ:FSLR). The rating major has initiated the coverage with market perform rating on the shares. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director officer (Chief Executive Officer), of First Solar, Inc., Hughes James Alton had unloaded 12,884 shares at $55.53 per share in a transaction on May 2, 2016. The total value of transaction was $715,449. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

First Solar (NASDAQ:FSLR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.72 points or 1.48% at $47.79 with 1,827,762 shares getting traded. Post opening the session at $48.04, the shares hit an intraday low of $47.36 and an intraday high of $48.39 and the price was in this range throughout the day. The company has a market cap of $4,886 million and the number of outstanding shares have been calculated to be 102,245,107 shares. The 52-week high of First Solar (NASDAQ:FSLR) is $74.29 and the 52-week low is $40.25.

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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