Shares of First Solar, Inc. (NASDAQ:FSLR) have received an average rating of “Hold” from the twenty-five brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.00.
Several brokerages have recently issued reports on FSLR. ValuEngine upgraded shares of First Solar from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Vetr cut shares of First Solar from a “hold” rating to a “sell” rating and set a $49.20 price target on the stock. in a report on Monday, September 25th. Guggenheim reiterated a “neutral” rating on shares of First Solar in a report on Thursday. They noted that the move was a valuation call. Roth Capital reiterated a “buy” rating and issued a $60.00 price target on shares of First Solar in a report on Tuesday, September 26th. Finally, Vertical Group started coverage on shares of First Solar in a report on Thursday, January 11th. They issued a “buy” rating on the stock.
First Solar (NASDAQ FSLR) opened at $71.09 on Friday. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. First Solar has a fifty-two week low of $25.56 and a fifty-two week high of $76.61. The stock has a market cap of $7,420.00, a P/E ratio of -17.09 and a beta of 2.04.
In other news, COO Philip Dejong sold 15,304 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $67.83, for a total transaction of $1,038,070.32. Following the sale, the chief operating officer now owns 10,424 shares in the company, valued at approximately $707,059.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark R. Widmar sold 20,270 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the sale, the chief executive officer now owns 100,754 shares in the company, valued at approximately $6,488,557.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,858 shares of company stock worth $3,134,015. Company insiders own 0.58% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FSLR. Key Square Capital Management LLC purchased a new position in shares of First Solar in the 3rd quarter worth about $23,621,000. Ecofin Ltd. purchased a new position in shares of First Solar in the 2nd quarter worth about $19,485,000. Lord Abbett & CO. LLC purchased a new position in shares of First Solar in the 2nd quarter worth about $15,099,000. Gotham Asset Management LLC purchased a new position in shares of First Solar in the 2nd quarter worth about $14,135,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of First Solar in the 2nd quarter worth about $9,877,000. 50.88% of the stock is owned by hedge funds and other institutional investors.
First Solar Company Profile
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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