A Reversal for First Solar, Inc. (FSLR) Is Not Near. The Stock Rises Again

September 17, 2017 - By Michael Collier

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.10, from 0.77 in 2016Q3. It is positive, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.
74,446 are owned by Ameriprise Financial. Huntington Savings Bank accumulated 0% or 235 shares. Global X Mgmt Lc owns 6,331 shares. State Bank Of America De owns 163,488 shares. 1.93 million are owned by Thompson Siegel Walmsley. Toronto Dominion Comml Bank invested in 0% or 12,838 shares. State Treasurer State Of Michigan holds 272,623 shares. First Midwest Bank Trust Division invested 0.03% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). State Street Corp owns 2.98M shares. Sg Americas Securities Ltd Liability Corp has invested 0.05% in First Solar, Inc. (NASDAQ:FSLR). Ubs Asset Americas invested in 0% or 66,422 shares. Tiaa Cref Investment Limited Liability Corporation reported 228,127 shares or 0.01% of all its holdings. 307 were reported by Fifth Third Comml Bank. Cullinan has 0.03% invested in First Solar, Inc. (NASDAQ:FSLR) for 11,100 shares. Shell Asset reported 0.03% in First Solar, Inc. (NASDAQ:FSLR).

Since May 3, 2017, it had 1 insider purchase, and 1 insider sale for $51,397 activity. Schumaker Bryan Robert had sold 2,747 shares worth $96,145 on Wednesday, May 3. $147,542 worth of First Solar, Inc. (NASDAQ:FSLR) was bought by PRESBY J THOMAS on Thursday, May 11.

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! The stock increased 4.17% or $2.02 on September 15, reaching $50.45. About 5.40M shares traded or 267.35% up from the average. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.
The move comes after 6 months positive chart setup for the $5.27B company. It was reported on Sep, 17 by Barchart.com. We have $53.48 PT which if reached, will make NASDAQ:FSLR worth $316.20 million more.

Wall Street await First Solar, Inc. (NASDAQ:FSLR) to release earnings on November, 1. Analysts forecast earnings per share of $0.79, down exactly $0.43 or 35.25 % from 2014’s $1.22 EPS. The expected FSLR’s profit could reach $82.52M giving the stock 15.97 P/E in the case that $0.79 earnings per share is reported. After posting $0.64 EPS for the previous quarter, First Solar, Inc.’s analysts now forecast 23.44 % EPS growth.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Among 25 analysts covering First Solar Inc. (NASDAQ:FSLR), 9 have Buy rating, 4 Sell and 12 Hold. Therefore 36% are positive. First Solar Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Williams Capital Group on Friday, September 30. Cowen & Co maintained First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, July 25. Cowen & Co has “Buy” rating and $5200 target. The rating was downgraded by Roth Capital on Thursday, November 3 to “Neutral”. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Buy” rating by Deutsche Bank on Wednesday, November 18. As per Thursday, November 17, the company rating was upgraded by JMP Securities. On Tuesday, August 16 the stock rating was maintained by Goldman Sachs with “Buy”. The rating was maintained by Roth Capital on Thursday, April 28 with “Buy”. Roth Capital initiated First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, January 26. Roth Capital has “Buy” rating and $80 target. The rating was maintained by Cowen & Co on Friday, September 1 with “Buy”. As per Thursday, November 17, the company rating was maintained by Mizuho.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Nasdaq.com which released: “Ecofin Ltd Buys First Solar Inc, Delphi Automotive PLC, Algonquin Power …” on August 18, 2017, also Marketwatch.com with their article: “Opinion: First Solar vs. SunPower: Which stock eclipses the other?” published on August 18, 2017, Investorplace.com published: “First Solar, Inc. (FSLR) Stock Is Too Hyped Up for Its Own Good” on September 08, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Seekingalpha.com and their article: “First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd” published on September 14, 2017 as well as Fool.com‘s news article titled: “What Does First Solar’s Future Really Look Like?” with publication date: August 31, 2017.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has market cap of $5.27 billion. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology. It currently has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.