Vetr lowered shares of First Solar (NASDAQ:FSLR) from a hold rating to a sell rating in a research report released on Monday morning. They currently have $65.52 target price on the solar cell manufacturer’s stock.
A number of other research firms also recently weighed in on FSLR. Zacks Investment Research downgraded First Solar from a strong-buy rating to a hold rating in a report on Friday, October 13th. ValuEngine raised First Solar from a hold rating to a buy rating in a report on Friday, February 2nd. Guggenheim reissued a neutral rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Bank of America initiated coverage on First Solar in a report on Thursday, December 14th. They set a neutral rating and a $70.00 target price for the company. Finally, BidaskClub downgraded First Solar from a buy rating to a hold rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $65.20.
First Solar (NASDAQ:FSLR) opened at $62.94 on Monday. First Solar has a 52-week low of $25.56 and a 52-week high of $76.61. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $6,570.00, a price-to-earnings ratio of -15.13 and a beta of 2.08.
A number of hedge funds have recently bought and sold shares of FSLR. Boston Common Asset Management LLC raised its stake in First Solar by 17.9% during the fourth quarter. Boston Common Asset Management LLC now owns 12,880 shares of the solar cell manufacturer’s stock worth $870,000 after acquiring an additional 1,955 shares in the last quarter. Candriam Luxembourg S.C.A. acquired a new position in First Solar during the fourth quarter worth about $3,471,000. NuWave Investment Management LLC acquired a new position in First Solar during the fourth quarter worth about $162,000. Prescott Group Capital Management L.L.C. acquired a new position in First Solar during the fourth quarter worth about $473,000. Finally, Swiss National Bank raised its stake in First Solar by 2.1% during the fourth quarter. Swiss National Bank now owns 133,400 shares of the solar cell manufacturer’s stock worth $9,007,000 after acquiring an additional 2,800 shares in the last quarter. 50.74% of the stock is owned by institutional investors and hedge funds.
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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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