Shares of First Solar, Inc. (NASDAQ:FSLR) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.00.

Several analysts have issued reports on the company. UBS Group boosted their target price on First Solar to $80.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BidaskClub upgraded First Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. ValuEngine cut First Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Roth Capital set a $75.00 price target on First Solar and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Barclays reiterated a “buy” rating on shares of First Solar in a research report on Friday, August 2nd.

FSLR stock opened at $56.37 on Monday. First Solar has a twelve month low of $36.51 and a twelve month high of $69.24. The company has a quick ratio of 3.35, a current ratio of 4.05 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $62.02 and its 200-day moving average is $61.46. The firm has a market capitalization of $5.92 billion, a PE ratio of 41.45, a P/E/G ratio of 1.03 and a beta of 1.26.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, August 1st. The solar cell manufacturer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.20). The business had revenue of $585.00 million for the quarter, compared to the consensus estimate of $656.80 million. First Solar had a return on equity of 0.46% and a net margin of 0.95%. The business’s revenue was up 89.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.46) earnings per share. On average, equities research analysts anticipate that First Solar will post 2.37 earnings per share for the current fiscal year.

In related news, Director R Craig Kennedy sold 1,800 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $62.55, for a total transaction of $112,590.00. Following the completion of the transaction, the director now directly owns 25,805 shares in the company, valued at $1,614,102.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Georges Antoun sold 8,476 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $65.73, for a total value of $557,127.48. Following the transaction, the insider now owns 82,070 shares of the company’s stock, valued at $5,394,461.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,665 shares of company stock valued at $4,068,284. 0.72% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FSLR. Meridian Wealth Management LLC purchased a new stake in First Solar in the 2nd quarter worth $25,000. TCG Advisors LP purchased a new stake in First Solar in the 1st quarter worth $32,000. NumerixS Investment Technologies Inc purchased a new stake in First Solar in the 2nd quarter worth $79,000. Destination Wealth Management purchased a new stake in First Solar in the 2nd quarter worth $91,000. Finally, Point72 Hong Kong Ltd purchased a new stake in First Solar in the 2nd quarter worth $91,000. Institutional investors and hedge funds own 62.22% of the company’s stock.

First Solar Company Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.

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Analyst Recommendations for First Solar (NASDAQ:FSLR)

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