First Solar, Inc. (FSLR) Rating Increased to Buy at Vetr Inc

Marco Green
November 3, 2017

First Solar, Inc. (FSLR) pulled off a 4.36 percent gain and now trades for $57.21.

At First Solar, Inc., the percentage of institutional ownership is now at 53.81% percent of its total shares outstanding, with the total value of institutional ownership at $3.1 billion.

A number of other research firms also recently issued reports on FSLR. Standpoint Research reaffirmed a buy rating and issued a $54.00 target price on shares of First Solar in a research report on Tuesday, September 6th. The brokerage presently has a "buy" rating on the solar cell manufacturer's stock. First Solar, Inc. (FSLR) is growing 4.36% to $57.21. Finally, BidaskClub downgraded First Solar from a strong-buy rating to a buy rating in a report on Thursday, August 3rd. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

First Solar, Inc. (NASDAQ:FSLR) reported its EPS in the last quarter as $1.95/Share beating the analyst estimate of $0.84/Share by a difference of $1.11.

09/22/2017 - First Solar, Inc. had its "market outperform" rating reiterated by analysts at JMP Securities.

The company now has an insider ownership of 0.4 Percent and Institutional ownership of 56.2 Percent. The stock is trading $48.26 its 50-day moving average by -6.56%. The firm's market cap is $5.90 billion. First Solar's revenue was up 59.5% compared to the same quarter previous year.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 26th.

For the current quarter, 12 analysts are projecting a mean EPS of $-0.2/share. The business had revenue of $934.40 million for the quarter, compared to analyst estimates of $862.68 million.

First Solar, Inc. (NASDAQ:FSLR) gross margin percentage stands at 16.6% while its operating margin for the past trailing twelve month is 0 percent and its overall profit margin (ttm) is 0 Percent. The company's revenue for the quarter was up 59.5% on a year-over-year basis. During the same quarter previous year, the firm earned $0.93 EPS. On average, equities research analysts forecast that First Solar will post $2.44 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and reposted in violation of global copyright & trademark legislation. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/11/01/first-solar-inc-fslr-upgraded-to-buy-at-vetr-inc.html.

In the last three months, insiders executed a total of 15 trades. Following the completion of the transaction, the chief financial officer now directly owns 963 shares in the company, valued at approximately $46,859.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

According to Rice Energy Inc.'s Insider ownership is at 1.90%.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FSLR. Kentucky Retirement Systems acquired a new stake in First Solar during the second quarter worth about $316,000. State Board of Administration of Florida Retirement System lifted its holdings in First Solar by 1.2% during the 3rd quarter.

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Finally, Zevin Asset Management LLC lifted its holdings in First Solar by 5.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 24,331 shares of the solar cell manufacturer's stock valued at $658,000 after buying an additional 18,996 shares during the last quarter.

By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER