First Solar (FSLR) PT Set at $65.00 by Roth Capital
First Solar (NASDAQ:FSLR) has been given a $65.00 target price by investment analysts at Roth Capital in a report released on Friday. The brokerage currently has a “buy” rating on the solar cell manufacturer’s stock. Roth Capital’s price target suggests a potential upside of 50.78% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Argus raised shares of First Solar from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday. Goldman Sachs Group upgraded shares of First Solar from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $39.00 to $46.00 in a research note on Monday. ValuEngine upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. set a $75.00 price objective on shares of First Solar and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Bank of America dropped their price objective on shares of First Solar from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.47.
FSLR traded down $0.60 on Friday, reaching $43.11. The company had a trading volume of 393,397 shares, compared to its average volume of 1,373,206. First Solar has a 1 year low of $36.51 and a 1 year high of $81.72. The stock has a market cap of $4.66 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.48 and a quick ratio of 4.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. acquired a new position in shares of First Solar during the second quarter worth about $113,000. Flagship Harbor Advisors LLC acquired a new position in shares of First Solar during the second quarter worth about $122,000. NEXT Financial Group Inc acquired a new position in shares of First Solar during the third quarter worth about $162,000. Ffcm LLC increased its stake in shares of First Solar by 1,217.6% during the third quarter. Ffcm LLC now owns 9,039 shares of the solar cell manufacturer’s stock worth $194,000 after acquiring an additional 8,353 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of First Solar during the third quarter worth about $203,000. Institutional investors own 52.17% of the company’s stock.
About First Solar
First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components 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.
Further Reading: Stock Symbols and CUSIP Explained
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.