How Analysts Feel About First Solar, Inc. (FSLR) After Today’s Big Increase?

September 17, 2017 - By Dolores Ford

Investors sentiment increased to 0.87 in 2016 Q4. Its up 0.10, from 0.77 in 2016Q3. It improved, 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.
1.93M are owned by Thompson Siegel And Walmsley Ltd Company. Benjamin F Edwards And holds 0.01% or 1,550 shares in its portfolio. State Of Tennessee Treasury Department has invested 0.01% in First Solar, Inc. (NASDAQ:FSLR). Financial Bank Of America Corp De holds 163,488 shares. Allsquare Wealth accumulated 0% or 25 shares. Alliancebernstein L P holds 0% or 123,015 shares. Advantus Capital Incorporated reported 7,721 shares. Agf Invests reported 4,011 shares. Prescott Grp Capital Management Lc holds 1.1% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 163,000 shares. First Personal Services owns 240 shares. Global X Mngmt Co Ltd Liability Corporation, New York-based fund reported 6,331 shares. Amica Mutual Ins owns 5,061 shares. Prentiss Smith & accumulated 85,223 shares. Toronto Dominion State Bank reported 0% in First Solar, Inc. (NASDAQ:FSLR). Menora Mivtachim Holding reported 3,800 shares.

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

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! 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. (NASDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.
The move comes after 6 months positive chart setup for the $5.27B company. It was reported on Sep, 17 by Barchart.com. We have $53.48 PT which if reached, will make NASDAQ:FSLR worth $316.20 million more.

Wall Street await First Solar, Inc. (NASDAQ:FSLR) to release earnings on November, 1. Analysts forecast EPS 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. (NASDAQ:FSLR) Ratings Coverage

Among 25 analysts covering First Solar Inc. (NASDAQ:FSLR), 9 have Buy rating, 4 Sell and 12 Hold. Therefore 36% are positive. First Solar Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, September 1 by Cowen & Co. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Hold” rating given on Thursday, February 25 by Standpoint Research. The stock has “Market Outperform” rating by JMP Securities on Wednesday, May 24. The company was downgraded on Friday, November 18 by UBS. The rating was downgraded by Janney Capital to “Neutral” on Thursday, November 3. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, May 18. The company was maintained on Thursday, December 10 by Oppenheimer. Cowen & Co upgraded the shares of FSLR in report on Wednesday, August 5 to “Outperform” rating. Goldman Sachs downgraded the shares of FSLR in report on Friday, October 7 to “Neutral” rating. Needham maintained First Solar, Inc. (NASDAQ:FSLR) on Wednesday, August 5 with “Buy” rating.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Seekingalpha.com which released: “Solar Stock Face Off” on August 23, 2017, also Benzinga.com with their article: “Analyst: The Sun Hasn’t Set On First Solar’s Upside” published on August 29, 2017, Benzinga.com published: “4 Reasons Deutsche Bank Upgraded First Solar” on September 15, 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.

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.

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