Brokers Change Their Target Price On First Solar, Inc. (NASDAQ:FSLR)
In the last trading session, The Company traded 18.47 Million shares. Perhaps, that suggests something about why 0.87% of the outstanding share supply is held by institutional investors.
02/22/2017 - First Solar, Inc. had its " rating reiterated by analysts at Oppenheimer. The Monthly and Yearly performances are -8.35 percent and -56.52 percent respectively. First Solar's revenue was down 49.0% compared to the same quarter past year. Following the sale, the executive vice president now owns 23,696 shares of the company's stock, valued at $798,318.24. Zacks Investment Research downgraded shares of First Solar from a hold rating to a sell rating in a research note on Tuesday, January 17th. California Public Employees Retirement System boosted its stake in First Solar by 45.4% in the third quarter. Trust Co. of Vermont now owns 4,989 shares of the solar cell manufacturer's stock valued at $197,000 after buying an additional 105 shares in the last quarter. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.
Shares of First Solar, Inc. (NASDAQ:FSLR) opened at 31.83 on Monday.
The share price of the company (NASDAQ:FSLR) was down -3.49%, with a high of 33.25 during the day and the volume of First Solar, Inc. shares traded was 18504483. The company's 50-day moving average is $33.47 and its 200-day moving average is $34.88.
First Solar, Inc. (FSLR) has the market capitalization of $3.44 Billion.
First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, February 21st. The solar cell manufacturer reported $1.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.97 by $0.27.
First Solar, Inc. (FSLR) is now showing its ROA (Return on Assets) of -4.8%. The firm earned $480.43 million during the quarter, compared to analyst estimates of $412.76 million.
This year, the company showed a disappointed -93.2 percent of growth. Analysts are forecasting earnings of $-0.05 on a per share basis this quarter.
Several brokerages recently issued reports on FSLR.
When we look at the Analyst Recommendations of the stock, the company has 2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. During the same quarter in the previous year, the company posted $1.60 earnings per share.
02/22/2017 - First Solar, Inc. was downgraded to "underperform" by analysts at Credit Suisse.
03/07/2017 - First Solar, Inc. had its "sell" rating reiterated by analysts at Axiom Capital. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.
Basically, a price target is an individual analyst's projection on the future price of a stock. Also, CFO Alexander R. Bradley sold 905 shares of the company's stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $33.69, for a total transaction of $286,095.48. The Insider Ownership of the company now is 23.6 percent, and Institutional Ownership is 66 percent. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Another insider trade includes Officer Schumaker Bryan Robert who also initiated a transaction in which 871 shares were traded on 12 Mar 2017 as "Sell". The shares were sold at an average price of $32.06, for a total value of $54,694.36. Company insiders own 0.40% of the company's stock.
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The share price has moved backward from its 20 days moving average -32.19% and negatively from its 50 days moving average -67.48%. The stock showed weekly downbeat performance of -22.60%, which was maintained for the month at -5.03%.
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