First Solar (FSLR) Receiving Somewhat Favorable Press Coverage, Accern Reports
News stories about First Solar (NASDAQ:FSLR) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 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 news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the solar cell manufacturer an impact score of 45.853442032094 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- First Solar (FSLR) PT Raised to $65.00 at Needham & Company LLC (americanbankingnews.com)
- First Solar (FSLR) Given a $70.00 Price Target by Roth Capital Analysts (americanbankingnews.com)
- First Solar (FSLR) Stock Rating Reaffirmed by Goldman Sachs Group (americanbankingnews.com)
- Investors Recap on First Solar, Inc. (FSLR) – Wall Street Morning (wallstreetmorning.com)
- First Solar To Host Analyst Day on Tuesday, December 5 – Business Wire (press release) (businesswire.com)
FSLR has been the subject of a number of research analyst reports. JMP Securities set a $67.00 price target on First Solar and gave the company a “buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded First Solar from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Axiom Securities reiterated a “buy” rating on shares of First Solar in a report on Thursday, August 10th. Bank of America reiterated a “buy” rating and issued a $64.00 price target on shares of First Solar in a report on Tuesday, August 29th. Finally, Deutsche Bank upgraded First Solar from a “hold” rating to a “buy” rating and boosted their price target for the company from $50.00 to $65.00 in a report on Friday, September 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.84.
First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $859.22 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 59.5% compared to the same quarter last year. sell-side analysts forecast that First Solar will post 2.47 EPS for the current fiscal year.
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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