Headlines about First Solar (NASDAQ:FSLR) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Solar earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the solar cell manufacturer an impact score of 45.5301587135513 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- First Solar Inc. (FSLR) Has Broken Out To A New High For The Year (nasdaq.com)
- FERC Rejects Fuel Subsidy Plans: 3 Solar Stocks in Focus (finance.yahoo.com)
- How to Trade First Solar Stock as It Heats Up (investorplace.com)
- First Solar to Provide Power Electronics Warranty Services (finance.yahoo.com)
- First Solar Remains Significantly Undervalued – A Comprehensive Valuation Update – Seeking Alpha (seekingalpha.com)
Shares of First Solar (NASDAQ:FSLR) traded up $6.63 during trading hours on Thursday, hitting $76.27. The company had a trading volume of 6,340,000 shares, compared to its average volume of 2,110,000. The stock has a market capitalization of $7,970.00, a PE ratio of -18.33 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. First Solar has a one year low of $25.56 and a one year high of $76.61.
A number of equities research analysts have weighed in on FSLR shares. Deutsche Bank upgraded First Solar from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $65.00 in a report on Friday, September 15th. Vetr downgraded First Solar from a “buy” rating to a “hold” rating and set a $48.80 price objective for the company. in a report on Monday, September 18th. Roth Capital restated a “buy” rating and set a $60.00 price objective on shares of First Solar in a report on Tuesday, September 26th. JMP Securities restated an “outperform” rating and set a $50.00 price objective (down previously from $67.00) on shares of First Solar in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. First Solar presently has an average rating of “Hold” and an average target price of $63.22.
In related news, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the transaction, the chief executive officer now owns 100,754 shares of the company’s stock, valued at $6,488,557.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Philip Dejong sold 15,304 shares of First Solar stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $67.83, for a total value of $1,038,070.32. Following the transaction, the chief operating officer now directly owns 10,424 shares in the company, valued at approximately $707,059.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,858 shares of company stock worth $3,134,015. 0.58% of the stock is owned by insiders.
About First Solar
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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