Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Solar (FSLR) Stock Price
Press coverage about First Solar (NASDAQ:FSLR) has been trending somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Solar earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the solar cell manufacturer an impact score of 45.1397451318321 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- First Solar Inc (FSLR) Price Above The Cloud: Shows Positive Momentum – Evergreen Caller (evergreencaller.com)
- First Solar, Inc. (NASDAQ:FSLR) Stock Traded Above Its 50 Day Average (vothemes.com)
- From A Very Different Angle: First Solar, Inc. (FSLR), Packaging Corporation of America (PKG) – AllStockNews (allstocknews.com)
- Unusual Activity Spotted in First Solar Inc (FSLR) – Sheridan Daily (sheridandaily.com)
- Is First Solar, Inc. (FSLR) Investing Its Way Into A Muddle? – StockNewsGazette (stocknewsgazette.com)
A number of brokerages have weighed in on FSLR. BidaskClub raised First Solar from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. JMP Securities set a $67.00 price objective on First Solar and gave the company a “buy” rating in a report on Wednesday, August 16th. TheStreet raised First Solar from a “d+” rating to a “c” rating in a report on Wednesday, July 19th. Vetr lowered First Solar from a “buy” rating to a “sell” rating and set a $46.69 price objective on the stock. in a report on Monday, July 31st. Finally, ValuEngine raised First Solar from a “hold” rating to a “buy” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $45.09.
Shares of First Solar (FSLR) opened at 47.84 on Friday. First Solar has a 12-month low of $25.56 and a 12-month high of $50.21. The stock’s 50 day moving average price is $47.03 and its 200-day moving average price is $37.33. The firm’s market capitalization is $5.00 billion.
First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The company had revenue of $623 million during the quarter, compared to the consensus estimate of $591.55 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue was down 38.7% compared to the same quarter last year. On average, equities analysts expect that First Solar will post $2.11 EPS for the current year.
In other First Solar news, CFO Alexander R. Bradley sold 566 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $48.66, for a total value of $27,541.56. Following the completion of the sale, the chief financial officer now owns 963 shares in the company, valued at approximately $46,859.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul J. Kaleta sold 23,696 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $49.69, for a total transaction of $1,177,454.24. Following the completion of the sale, the executive vice president now owns 14,510 shares of the company’s stock, valued at approximately $721,001.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,909 shares of company stock valued at $4,705,246. Insiders own 0.58% of the company’s stock.
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.
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