Williams Capital Initiates Coverage on First Solar to Buy

Williams Capital Initiates Coverage on First Solar(NASDAQ:FSLR). The shares have been rated Buy. The rating by Williams Capital was issued on Sep 30, 2016.

In a different note, JMP Securities said it Initiates Coverage on First Solar, according to a research note issued on Sep 8, 2016. The shares have been rated ‘Market Underperform’ by the firm. On Aug 31, 2016, Argus Research said it Downgrades its rating on First Solar. The shares have been rated ‘Hold’ by the firm. On Aug 16, 2016, Goldman Sachs said it Maintains its rating on First Solar. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Barclays said it Maintains its rating on First Solar. In the research note, the firm Lowers the price-target to $68.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Deutsche Bank said it Downgrades its rating on First Solar. In the research note, the firm Lowers the price-target to $80.00 per share. The shares have been rated ‘Hold’ by the firm.

First Solar (FSLR) shares turned negative on Tuesdays trading session with the shares closing down -0.36 points or -0.93% at a volume of 23,76,873. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.75. The peak price level was also seen at $38.75 while the days lowest was $37.87. Finally the shares closed at $38.21. The 52-week high of the shares is $74.29 while the 52-week low is $33.74. According to the latest information available, the market cap of the company is $3,911 M.

First Solar(FSLR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $934.38M. Analysts had an estimated revenue of $865.37M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Alexander R. Bradley (Chief Financial Officer) sold 566 shares at $43.77 per share price.Also, 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, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 *

First Solar - Is it time to Sell?

Top Brokerage Firms are advising their investors on First Solar. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.