First Solar Inc. (NASDAQ:FSLR)‘s stock had its “neutral” rating reiterated by Credit Suisse Group AG in a research report issued on Monday. They currently have a $50.00 price objective on the solar cell manufacturer’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 50.65% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Mizuho lowered their price objective on shares of First Solar from $67.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. cut shares of First Solar from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $58.00 to $42.00 in a research report on Thursday, October 6th. Robert W. Baird lowered their price objective on shares of First Solar from $58.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Vetr raised shares of First Solar from a “hold” rating to a “buy” rating and set a $50.01 price objective for the company in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $53.00 price objective (down from $65.00) on shares of First Solar in a research report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.67.

Analyst Recommendations for First Solar (NASDAQ:FSLR)

First Solar (NASDAQ:FSLR) opened at 33.19 on Monday. First Solar has a 52 week low of $30.85 and a 52 week high of $74.29. The company has a market cap of $3.45 billion, a P/E ratio of 6.78 and a beta of 2.20. The firm’s 50 day moving average is $38.11 and its 200-day moving average is $43.09.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Wednesday, November 2nd. The solar cell manufacturer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.48. The company earned $688 million during the quarter, compared to analysts’ expectations of $980.48 million. First Solar had a net margin of 14.72% and a return on equity of 9.58%. The firm’s quarterly revenue was down 45.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.41 EPS. On average, analysts predict that First Solar will post $4.42 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the company. Pioneer Investment Management Inc. boosted its stake in First Solar by 102.9% in the third quarter. Pioneer Investment Management Inc. now owns 1,092,367 shares of the solar cell manufacturer’s stock valued at $43,138,000 after buying an additional 554,108 shares during the last quarter. Cetera Advisors LLC purchased a new stake in First Solar during the third quarter valued at about $223,000. SRB Corp boosted its stake in First Solar by 48.0% in the third quarter. SRB Corp now owns 4,236 shares of the solar cell manufacturer’s stock valued at $167,000 after buying an additional 1,374 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in First Solar during the third quarter valued at about $2,962,000. Finally, Capital World Investors boosted its stake in First Solar by 147.0% in the third quarter. Capital World Investors now owns 7,100,000 shares of the solar cell manufacturer’s stock valued at $280,379,000 after buying an additional 4,225,000 shares during the last quarter. Hedge funds and other institutional investors own 57.01% 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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