FSLR has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on First Solar from $74.00 to $82.00 and gave the company an overweight rating in a research report on Friday, August 2nd. BidaskClub downgraded First Solar from a hold rating to a sell rating in a research report on Tuesday, September 10th. Roth Capital set a $75.00 target price on First Solar and gave the company a buy rating in a research report on Thursday, June 13th. UBS Group boosted their target price on First Solar to $80.00 and gave the company a buy rating in a research report on Friday, August 2nd. Finally, Robert W. Baird reissued a buy rating on shares of First Solar in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $70.11.
NASDAQ:FSLR opened at $67.07 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.05 and a quick ratio of 3.35. First Solar has a 1 year low of $36.51 and a 1 year high of $69.24. The stock’s 50 day simple moving average is $63.03 and its two-hundred day simple moving average is $60.70. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 313.43, a PEG ratio of 1.19 and a beta of 1.28.
In related news, Director R Craig Kennedy sold 1,800 shares of the business’s stock in a transaction on 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 owns 25,805 shares in the company, valued at approximately $1,614,102.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Georges Antoun sold 8,476 shares of the business’s stock in a transaction on Monday, July 29th. The shares were 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 approximately $5,394,461.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,665 shares of company stock worth $4,122,700. Corporate insiders own 0.72% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meridian Wealth Management LLC purchased a new position in First Solar during the 2nd quarter valued at $25,000. Manchester Capital Management LLC purchased a new position in First Solar during the 1st quarter valued at $27,000. TCG Advisors LP purchased a new position in First Solar during the 1st quarter valued at $32,000. NumerixS Investment Technologies Inc purchased a new position in First Solar during the 2nd quarter valued at $79,000. Finally, Destination Wealth Management purchased a new position in First Solar during the 2nd quarter valued at $91,000. Institutional investors 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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