Stock Worth Mentioning Today: Is Selling First Solar, Inc. Here a Winning Strategy?

Stock Worth Mentioning Today: Is Selling First Solar, Inc. Here a Winning Strategy?

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! About 1.70M shares traded hands. First Solar, Inc. (NASDAQ:FSLR) has declined 42.82% since March 4, 2016 and is downtrending. It has underperformed by 50.86% the S&P500.
The move comes after 8 months negative chart setup for the $3.88B company. It was reported on Oct, 7 by Barchart.com. We have $35.25 PT which if reached, will make NASDAQ:FSLR worth $271.60M less.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on November, 14. They expect $0.66 EPS, down 80.47% or $2.72 from last year’s $3.38 per share. FSLR’s profit will be $67.57 million for 14.36 P/E if the $0.66 EPS becomes a reality. After $0.87 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -24.14% negative EPS growth.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Out of 19 analysts covering First Solar Inc. (NASDAQ:FSLR), 11 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 58% are positive. First Solar Inc. has been the topic of 36 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of FSLR in a report on Friday, January 22 with “Overweight” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 1. On Wednesday, May 18 the stock rating was maintained by Argus Research with “Buy”. On Thursday, December 10 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating given on Friday, April 29 by Standpoint Research. The firm has “Hold” rating by Needham given on Thursday, December 10. The rating was initiated by Williams Capital Group with “Buy” on Friday, September 30. On Wednesday, September 9 the stock rating was initiated by Oppenheimer with “Outperform”. The firm has “Outperform” rating by Macquarie Research given on Friday, November 6. The rating was maintained by Roth Capital with “Buy” on Thursday, April 28.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.17, from 0.98 in 2016Q1. The ratio improved, as 73 funds sold all First Solar, Inc. shares owned while 104 reduced positions. 48 funds bought stakes while 155 increased positions. They now own 57.19 million shares or 8.49% less from 62.50 million shares in 2016Q1.
Johnson Fin Grp Inc Inc Inc, a Wisconsin-based fund reported 255 shares. Moreover, Millennium Limited Liability Corp has 0.04% invested in First Solar, Inc. (NASDAQ:FSLR) for 399,130 shares. The California-based Granite Prtnrs Limited Company has invested 0.27% in First Solar, Inc. (NASDAQ:FSLR). Kayne Anderson Rudnick Invest Ltd owns 20,830 shares or 0.02% of their US portfolio. Moreover, First Quadrant L P Ca has 0.04% invested in First Solar, Inc. (NASDAQ:FSLR) for 38,900 shares. Comerica Comml Bank reported 17,543 shares or 0.01% of all its holdings. Redwood Invests Limited Liability has invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Qs Invsts Ltd Liability has invested 0.03% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Van Eck Assocs Corp has invested 0.03% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Lazard Asset Mgmt Limited Liability holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 2,200 shares. Lmr Prns Llp has 0.57% invested in the company for 75,441 shares. Bb&T Securities Limited Com reported 8,190 shares or 0.01% of all its holdings. Synovus holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 74 shares. Signature Est & Invest Limited Liability Company has 2,916 shares for 0.02% of their US portfolio. Moreover, Acadian Asset Mngmt Ltd Co has 0% invested in First Solar, Inc. (NASDAQ:FSLR) for 208 shares.

Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 11 sales for $29.17 million net activity. The insider Bradley Alexander R. sold 566 shares worth $24,774. The insider Garabedian Raffi sold 2,467 shares worth $151,104. DeJong Philip sold 67,251 shares worth $2.98 million. 90,289 shares with value of $4.02 million were sold by Widmar Mark R on Thursday, August 4. HUGHES JAMES ALTON had sold 12,884 shares worth $714,130 on Monday, May 2. KALETA PAUL J also sold $905,874 worth of First Solar, Inc. (NASDAQ:FSLR) shares. Bueter Christopher had sold 29,384 shares worth $1.30 million on Thursday, August 4.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Fool.com which released: “Why First Solar, Inc. Is Built to Survive the Solar Storm Ahead” on October 06, 2016, also Seekingalpha.com with their article: “First Solar Is Weathering Industry Headwinds” published on October 07, 2016, Bloomberg.com published: “First Solar, SunPower Rise as 8Point3 Yieldco Offers Shares” on September 23, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Bloomberg.com and their article: “First Solar’s New CEO Details Plan to Challenge Chinese Rivals” published on September 15, 2016 as well as Seekingalpha.com‘s news article titled: “First Solar: A Long-Term Growth Opportunity Amidst A Cyclical Earnings Trough” with publication date: October 03, 2016.

FSLR Company Profile

First Solar, Inc., incorporated on May 15, 2003, is a well-known provider of photovoltaic (PV) solar energy solutions. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Firm operates through two divisions: components and systems. The Company’s components segment designs, makes and sells solar modules, which convert sunlight into electricity. The Company’s systems segment provides PV solar power systems or solar solutions for systems, which use the Company’s solar modules. The Firm provides activities and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Firm has approximately 30 manufacturing lines around the world and over 2.8 gigawatts (GW) of annual manufacturing capacity with lines having a production capability of approximately 2,500 modules per day, totaling approximately 71,600 modules each day across over 30 lines.

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