Somewhat Favorable News Coverage Somewhat Unlikely to Impact First Solar (FSLR) Stock Price
News headlines about First Solar (NASDAQ:FSLR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Solar earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the solar cell manufacturer an impact score of 46.5960077123315 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Bryan Robert Schumaker Sells 933 Shares of First Solar, Inc. (FSLR) Stock (americanbankingnews.com)
- First Solar, Inc. (FSLR) CFO Alexander R. Bradley Sells 4,325 Shares (americanbankingnews.com)
- Stock’s Technical Analysis – First Solar Inc (NASDAQ: FSLR) – Stocks Pen (stockspen.com)
- Vectren Selects Partner, Announces Location for 50 Megawatts of Renewable Energy in Southwestern Indiana – Business Wire (press release) (businesswire.com)
- Hot Stock Analysis – First Solar Inc (NASDAQ: FSLR) – Alpha Beta Stock (alphabetastock.com)
Several research analysts recently weighed in on the company. Miller Tabak lowered First Solar from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Standpoint Research raised First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 target price on the stock in a research report on Wednesday, March 7th. Zacks Investment Research lowered First Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Deutsche Bank set a $75.00 target price on First Solar and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. set a $69.00 target price on First Solar and gave the stock a “hold” rating in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.83.
First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.06. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $459.93 million. During the same period last year, the company posted $1.24 earnings per share. The firm’s revenue was down 29.4% compared to the same quarter last year. research analysts predict that First Solar will post 1.67 EPS for the current fiscal year.
In other news, insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the sale, the insider now directly owns 9,227 shares of the company’s stock, valued at $646,443.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Philip Dejong sold 15,304 shares of First Solar stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $67.83, for a total value of $1,038,070.32. Following the sale, the chief operating officer now directly owns 10,424 shares in the company, valued at $707,059.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,640 shares of company stock worth $3,586,500. Corporate 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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