Should Investors Consider Buying First Solar Inc (NDAQ:FSLR) Shares Now That Deutsche Bank Has Upgraded The Stock?

September 17, 2017 - By Nellie Frank

  Should Investors Consider Buying First Solar Inc (NDAQ:FSLR) Shares Now That Deutsche Bank Has Upgraded The Stock?

Investors sentiment increased to 0.87 in 2016 Q4. Its up 0.10, from 0.77 in 2016Q3. It increased, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.

Guggenheim Ltd Liability holds 1.97M shares. Research Management owns 80 shares or 0% of their US portfolio. The Belgium-based Kbc Gp Nv has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Prudential Fincl stated it has 0.02% in First Solar, Inc. (NASDAQ:FSLR). Winslow Evans And Crocker reported 380 shares. 10,135 were accumulated by Blair William Il. 11,100 are held by Cullinan Associate. Menora Mivtachim Hldgs Ltd holds 0.01% or 3,800 shares in its portfolio. Whittier holds 7,310 shares. Moreover, Hartford Investment Mngmt Co has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 18,090 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 3,028 shares. State Common Retirement Fund has invested 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Huntington Retail Bank has 0% invested in First Solar, Inc. (NASDAQ:FSLR). Clearbridge Invests Limited Liability invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). 306,029 are held by Legal And General Grp Inc Public Ltd Llc.

Since May 3, 2017, it had 1 insider purchase, and 1 sale for $51,397 activity. Schumaker Bryan Robert also sold $96,145 worth of First Solar, Inc. (NASDAQ:FSLR) on Wednesday, May 3. 4,000 First Solar, Inc. (NASDAQ:FSLR) shares with value of $147,542 were bought by PRESBY J THOMAS.

First Solar Inc (NDAQ:FSLR) Stock Upgrade

Professional analysts at Deutsche Bank’s equity research division upped the rating on shares of First Solar Inc (NDAQ:FSLR) from a “Hold” to a “Buy” earlier today. The analysts now have a $65.00 target price on FSLR or a 28.84 % upside.

Investors sentiment increased to 0.87 in 2016 Q4. Its up 0.10, from 0.77 in 2016Q3. It increased, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.

Guggenheim Ltd Liability holds 1.97M shares. Research Management owns 80 shares or 0% of their US portfolio. The Belgium-based Kbc Gp Nv has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Prudential Fincl stated it has 0.02% in First Solar, Inc. (NASDAQ:FSLR). Winslow Evans And Crocker reported 380 shares. 10,135 were accumulated by Blair William Il. 11,100 are held by Cullinan Associate. Menora Mivtachim Hldgs Ltd holds 0.01% or 3,800 shares in its portfolio. Whittier holds 7,310 shares. Moreover, Hartford Investment Mngmt Co has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 18,090 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 3,028 shares. State Common Retirement Fund has invested 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Huntington Retail Bank has 0% invested in First Solar, Inc. (NASDAQ:FSLR). Clearbridge Invests Limited Liability invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). 306,029 are held by Legal And General Grp Inc Public Ltd Llc.

Since May 3, 2017, it had 1 insider purchase, and 1 sale for $51,397 activity. Schumaker Bryan Robert also sold $96,145 worth of First Solar, Inc. (NASDAQ:FSLR) on Wednesday, May 3. 4,000 First Solar, Inc. (NASDAQ:FSLR) shares with value of $147,542 were bought by PRESBY J THOMAS.

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

Among 2 analysts covering First Solar Inc. (NDAQ:FSLR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. First Solar Inc. has $53 highest and $29 lowest target. $53’s average target is 5.05% above currents $50.45 stock price. First Solar Inc. had 3 analyst reports since April 28, 2017 according to SRatingsIntel. JMP Securities upgraded the stock to “Outperform” rating in Thursday, May 25 report. Credit Suisse upgraded the shares of FSLR in report on Monday, May 1 to “Neutral” rating.

The stock increased 4.17% or $2.02 on September 15, reaching $50.45. About 5.40 million shares traded or 267.35% up from the average. First Solar, Inc. (NDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.

Wall Street await First Solar, Inc. (NASDAQ:FSLR) to release earnings on November, 1. Analysts forecast earnings per share of $0.79, down exactly $0.43 or 35.25 % from 2014’s $1.22 EPS. The expected FSLR’s profit could reach $82.52 million giving the stock 15.97 P/E in the case that $0.79 earnings per share is reported. After posting $0.64 EPS for the previous quarter, First Solar, Inc.’s analysts now forecast 23.44 % EPS growth.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has market cap of $5.27 billion. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology. It currently has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Investorplace.com which released: “First Solar, Inc. (FSLR) Stock Is FLYING on Deutsche Bank Upgrade” on September 15, 2017, also Seekingalpha.com with their article: “Solar Stock Face Off” published on August 23, 2017, Seekingalpha.com published: “First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd” on September 14, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Fool.com and their article: “What Does First Solar’s Future Really Look Like?” published on August 31, 2017 as well as Nasdaq.com‘s news article titled: “Ecofin Ltd Buys First Solar Inc, Delphi Automotive PLC, Algonquin Power …” with publication date: August 18, 2017.

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