First Solar (FSLR) Earns Coverage Optimism Rating of 0.19

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:

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.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $1.11. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. First Solar’s quarterly revenue was up 59.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. analysts anticipate that First Solar will post 2.52 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: This article was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2018/01/11/first-solar-fslr-earns-coverage-optimism-rating-of-0-19.html.

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.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

What are top analysts saying about First Solar? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Solar and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit