First Solar (FSLR) Receives Daily Coverage Optimism Score of 0.17
News stories about First Solar (NASDAQ:FSLR) have trended somewhat positive on Monday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Solar earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the solar cell manufacturer an impact score of 45.5410853244284 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- First Solar (FSLR) Downgraded by Vetr (americanbankingnews.com)
- Dan Passarelli's First Solar Options Strategy (finance.yahoo.com)
- Mike Khouw Sees Unusual Options Activity In First Solar (benzinga.com)
- First Solar Inc. (FSLR) Has Broken Out To A New High For The Year (nasdaq.com)
- FERC Rejects Fuel Subsidy Plans: 3 Solar Stocks in Focus (finance.yahoo.com)
FSLR has been the subject of several analyst reports. Roth Capital reissued a “buy” rating and issued a $60.00 price objective on shares of First Solar in a research note on Tuesday, September 26th. Zacks Investment Research raised First Solar from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Monday, October 2nd. Vetr downgraded First Solar from a “strong-buy” rating to a “buy” rating and set a $51.52 price objective for the company. in a research note on Wednesday, October 18th. Needham & Company LLC raised First Solar from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, October 27th. Finally, ValuEngine downgraded First Solar from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.13.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $0.84 by $1.11. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $859.22 million. During the same period in the prior year, the company earned $1.22 earnings per share. First Solar’s revenue was up 59.5% compared to the same quarter last year. sell-side analysts anticipate that First Solar will post 2.52 EPS for the current year.
In other First Solar news, COO Philip Dejong sold 15,304 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $67.83, for a total transaction of $1,038,070.32. Following the completion of the transaction, the chief operating officer now directly owns 10,424 shares of the company’s stock, valued at $707,059.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark R. Widmar sold 20,270 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $64.40, for a total value of $1,305,388.00. Following the transaction, the chief executive officer now directly owns 100,754 shares of the company’s stock, valued at $6,488,557.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,858 shares of company stock valued at $3,134,015. 0.58% of the stock is owned by corporate insiders.
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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.
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