First Solar (FSLR) Earning Somewhat Favorable Press Coverage, Accern Reports

Media coverage about First Solar (NASDAQ:FSLR) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring 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 closest to one being the most favorable. First Solar earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the solar cell manufacturer an impact score of 45.6731560039803 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

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Shares of First Solar stock traded down $1.44 during trading on Friday, reaching $70.65. The company had a trading volume of 1,581,042 shares, compared to its average volume of 1,789,647. The company has a market capitalization of $7,381.16, a price-to-earnings ratio of -44.16, a P/E/G ratio of 4.17 and a beta of 2.08. First Solar has a 1-year low of $25.56 and a 1-year high of $76.61. The company has a quick ratio of 5.63, a current ratio of 5.89 and a debt-to-equity ratio of 0.07.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $459.93 million. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. First Solar’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. research analysts anticipate that First Solar will post 1.67 EPS for the current fiscal year.

FSLR has been the topic of a number of recent research reports. Zacks Investment Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, January 2nd. Vetr upgraded First Solar from a “sell” rating to a “hold” rating and set a $66.50 target price on the stock in a report on Thursday, December 14th. Guggenheim restated a “neutral” rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Goldman Sachs restated a “neutral” rating and issued a $65.00 target price (up previously from $50.00) on shares of First Solar in a report on Thursday, November 30th. Finally, Cowen restated an “outperform” rating and issued a $77.00 target price (up previously from $60.00) on shares of First Solar in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. First Solar presently has a consensus rating of “Buy” and an average price target of $70.53.

In other First Solar news, insider Georges Antoun sold 1,800 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $74.25, for a total value of $133,650.00. Following the sale, the insider now directly owns 92,229 shares in the company, valued at $6,848,003.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alexander R. Bradley sold 4,325 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $68.12, for a total value of $294,619.00. The disclosure for this sale can be found here. Insiders have sold 45,761 shares of company stock worth $3,042,103 over the last quarter. 0.58% of the stock is currently owned by corporate insiders.

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First Solar Company Profile

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.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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