Goldman Sachs Group Inc. reissued their buy rating on shares of First Solar Inc. (NASDAQ:FSLR) in a report published on Friday.

A number of other equities research analysts have also recently issued reports on FSLR. Deutsche Bank AG reissued a hold rating and set a $44.00 target price on shares of First Solar in a report on Thursday, August 4th. Robert W. Baird reissued an outperform rating and set a $60.00 target price on shares of First Solar in a report on Thursday, August 4th. Vetr cut shares of First Solar from a strong-buy rating to a buy rating and set a $54.99 target price on the stock. in a report on Wednesday, August 3rd. Morgan Stanley set a $59.00 target price on shares of First Solar and gave the company a hold rating in a report on Wednesday, August 3rd. Finally, Needham & Company LLC reissued a hold rating on shares of First Solar in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $56.32.

Analyst Recommendations for First Solar (NASDAQ:FSLR)

Shares of First Solar (NASDAQ:FSLR) traded up 1.70% on Friday, hitting $38.22. The stock had a trading volume of 922,125 shares. The firm has a 50-day moving average of $37.43 and a 200 day moving average of $48.12. The company has a market capitalization of $3.91 billion, a PE ratio of 5.63 and a beta of 1.54. First Solar has a 1-year low of $33.74 and a 1-year high of $74.29.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Wednesday, August 3rd. The solar cell manufacturer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.32. The company had revenue of $934.40 million for the quarter, compared to analysts’ expectations of $862.68 million. First Solar had a net margin of 17.45% and a return on equity of 13.78%. First Solar’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities analysts anticipate that First Solar will post $4.25 earnings per share for the current fiscal year.

In other news, EVP Christopher Bueter sold 29,384 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $44.23, for a total transaction of $1,299,654.32. Following the sale, the executive vice president now owns 17,718 shares in the company, valued at $783,667.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Philip Dejong sold 67,251 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $44.28, for a total transaction of $2,977,874.28. Following the sale, the chief operating officer now owns 45,499 shares in the company, valued at approximately $2,014,695.72. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BOKF NA boosted its stake in First Solar by 3.8% in the second quarter. BOKF NA now owns 2,202 shares of the solar cell manufacturer’s stock worth $106,000 after buying an additional 81 shares during the last quarter. LS Investment Advisors LLC boosted its stake in First Solar by 27.2% in the second quarter. LS Investment Advisors LLC now owns 2,782 shares of the solar cell manufacturer’s stock worth $135,000 after buying an additional 595 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in First Solar during the second quarter worth approximately $141,000. Signature Estate & Investment Advisors LLC purchased a new stake in First Solar during the second quarter worth approximately $141,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in First Solar by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,924 shares of the solar cell manufacturer’s stock worth $142,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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 thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems.

5 Day Chart for NASDAQ:FSLR

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