Roth Capital Analysts Give First Solar (FSLR) a $80.00 Price Target
First Solar (NASDAQ:FSLR) received a $80.00 target price from investment analysts at Roth Capital in a research note issued on Monday. The brokerage currently has a “buy” rating on the solar cell manufacturer’s stock. Roth Capital’s target price points to a potential upside of 16.19% from the stock’s current price.
A number of other equities analysts also recently commented on FSLR. Vetr raised shares of First Solar from a “sell” rating to a “hold” rating and set a $68.12 price objective for the company in a report on Tuesday. JPMorgan Chase & Co. set a $69.00 target price on First Solar and gave the company a “hold” rating in a research note on Monday, December 18th. Bank of America reiterated a “neutral” rating and issued a $70.00 target price on shares of First Solar in a research note on Thursday, December 14th. Zacks Investment Research upgraded First Solar from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded First Solar from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. First Solar has a consensus rating of “Buy” and an average price target of $63.64.
First Solar (NASDAQ:FSLR) traded down $0.26 during mid-day trading on Monday, hitting $68.85. 775,800 shares of the stock were exchanged, compared to its average volume of 2,751,942. First Solar has a twelve month low of $25.56 and a twelve month high of $71.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. The firm has a market capitalization of $7,190.00, a P/E ratio of -16.55 and a beta of 2.03.
In other First Solar news, insider Raffi Garabedian sold 11,284 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $70.06, for a total value of $790,557.04. Following the sale, the insider now directly owns 9,227 shares in the company, valued at $646,443.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark R. Widmar sold 20,270 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the sale, the chief executive officer now owns 100,754 shares in the company, valued at $6,488,557.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Fiduciary Trust Co. purchased a new position in First Solar during the 2nd quarter valued at about $128,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in First Solar by 64.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer’s stock valued at $201,000 after acquiring an additional 1,716 shares in the last quarter. Garner Asset Management Corp purchased a new position in First Solar during the 2nd quarter valued at about $208,000. Riverhead Capital Management LLC grew its stake in First Solar by 82.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,660 shares of the solar cell manufacturer’s stock valued at $226,000 after acquiring an additional 2,560 shares in the last quarter. Finally, Bluestein R H & Co. purchased a new position in First Solar during the 2nd quarter valued at about $241,000. Hedge funds and other institutional investors own 50.87% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://theolympiareport.com/2017/12/26/roth-capital-analysts-give-first-solar-fslr-a-80-00-price-target-2.html.
About First Solar
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.
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.