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The Zacks Investment Research Downgrades First Solar, Inc. (FSLR) to Sell

02 Août 2017

Further, First Solar's use of Cadmium Telluride may pose a possible environmental hazard, which in turn may impose regulatory fines on the company. Also the company faces intense competition from manufacturers of crystalline-silicon solar modules, and other types of solar modules and PV systems. "Further, President Trump's recent walk out from the landmark Paris deal, apart from boosting coal production has kept the entire solar industry under enormous pressure".

A number of other analysts have also weighed in on the stock. Finally, BidaskClub upgraded shares of First Solar from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 24th. J P Morgan Chase & Co lowered shares of First Solar to a "hold" rating and set a $38.00 price target on the a report on Saturday, March 25th. Bank of America Corporation reissued a "buy" rating and set a $54.00 target price (up from $38.00) on shares of First Solar in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of "Hold" and a consensus price target of $44.57.

First Solar (NASDAQ FSLR) opened at 49.31 on Wednesday. The stock is trading $39.96 its 50-day moving average by -9.35%. First Solar has a 52-week low of $25.56 and a 52-week high of $50.21. Blackrock Inc. owns $338.31 million in First Solar, Inc., which represents roughly 7.17% of the company's market cap and approximately 10.93% of the institutional ownership.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.60.

Ratings analysis reveals 32% of First Solar Inc.'s analysts are positive. The company posted earnings of $623 M for the period end, compared to analysts' anticipations of $591.55 M. for the same period in the prior year, firm reported $0.87 EPS.

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Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability. First Solar's quarterly revenue was down 38.7% on a year-over-year basis. And it remains to be seen which target price FSLR can achieve without sacrificing much as the company is holding a 5.63% gain for the past twelve months. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of US & worldwide copyright law. The original version of this piece of content can be read at

In related news, Director J Thomas Presby bought 4,000 shares of the business's stock in a transaction on Thursday, May 11th. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bryan Robert Schumaker sold 1,235 shares of First Solar stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $35.00, for a total transaction of $96,145.00. The disclosure for this sale can be found here.

For the Current Quarter, the growth estimate for First Solar, -84.4%, while for the Next Quarter the stock growth estimate is -89.5%. Goelzer Investment Management Inc. purchased a new position in shares of First Solar during the second quarter worth $2,432,000. Amica Retiree Medical Trust now owns 4,097 shares of the solar cell manufacturer's stock valued at $111,000 after buying an additional 3,649 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in First Solar during the fourth quarter valued at $872,000. Trust Co. of Vermont increased its stake in First Solar by 27.8% in the first quarter. Comerica Bank now owns 17,850 shares of the solar cell manufacturer's stock worth $638,000 after buying an additional 61 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of First Solar during the first quarter valued at about $163,000. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

First Solar, a provider of photovoltaic solar energy solutions. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology.

The Zacks Investment Research Downgrades First Solar, Inc. (FSLR) to Sell