First Solar, Inc. (FSLR)’s Stock Is Buy After Today’s Big Increase

September 17, 2017 - By Vivian Park

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.10, from 0.77 in 2016Q3. It improved, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.
Geode Cap Mgmt Ltd Llc accumulated 790,674 shares. Blackrock Group reported 671,373 shares or 0.01% of all its holdings. Kempen Cap Management Nv accumulated 35,240 shares or 0.14% of the stock. Alliancebernstein Ltd Partnership has invested 0% in First Solar, Inc. (NASDAQ:FSLR). 163,000 were reported by Prescott Group Management Limited Liability Company. Parkwood Limited Com reported 0.04% in First Solar, Inc. (NASDAQ:FSLR). Bank Of Montreal Can has invested 0.01% in First Solar, Inc. (NASDAQ:FSLR). Barrett Asset Limited Liability holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 250 shares. Dimensional Fund Advsr Ltd Partnership holds 0.04% or 2.60M shares in its portfolio. Shelton Cap, California-based fund reported 34,970 shares. Moreover, Blackrock Fund Advsrs has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR). Next Finance Group Inc has 12,850 shares for 0% of their portfolio. Asset Management reported 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Hsbc Hldgs Pcl reported 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Sun Life Financial Inc invested in 0% or 1 shares.

Since May 3, 2017, it had 1 buy, and 1 insider sale for $51,397 activity. $96,145 worth of stock was sold by Schumaker Bryan Robert on Wednesday, May 3.

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! The stock increased 4.17% or $2.02 on September 15, reaching $50.45. About 5.40 million shares traded or 267.35% up from the average. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.
The move comes after 6 months positive chart setup for the $5.27B company. It was reported on Sep, 17 by Barchart.com. We have $53.48 PT which if reached, will make NASDAQ:FSLR worth $316.20 million more.

Investors wait First Solar, Inc. (NASDAQ:FSLR) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.79 earnings per share, down $0.43 or 35.25 % from last year’s $1.22 same quarter earnings. This translates into $82.52 million profit for FSLR giving the stock a 15.97 P/E. This is assuming the current $0.79 EPS is accurate. First Solar, Inc.’s Wall Street analysts see 23.44 % EPS growth, taking into account the $0.64 EPS reproted in the previous quarter,

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Among 25 analysts covering First Solar Inc. (NASDAQ:FSLR), 9 have Buy rating, 4 Sell and 12 Hold. Therefore 36% are positive. First Solar Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 28 by Roth Capital. The stock has “Buy” rating by Axiom Capital on Wednesday, July 19. On Thursday, March 31 the stock rating was initiated by Mizuho with “Neutral”. The stock has “Hold” rating by Standpoint Research on Wednesday, July 19. Goldman Sachs upgraded it to “Buy” rating and $100.0 target in Tuesday, January 5 report. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, June 2 report. The firm has “Hold” rating given on Thursday, February 25 by Standpoint Research. The firm has “Mkt Perform” rating by JMP Securities given on Thursday, November 17. TH Capital downgraded the shares of FSLR in report on Thursday, November 3 to “Neutral” rating. Barclays Capital maintained it with “Overweight” rating and $50 target in Wednesday, August 10 report.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Benzinga.com which released: “4 Reasons Deutsche Bank Upgraded First Solar” on September 15, 2017, also Marketwatch.com with their article: “Opinion: First Solar vs. SunPower: Which stock eclipses the other?” published on August 18, 2017, Fool.com published: “What Does First Solar’s Future Really Look Like?” on August 31, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Seekingalpha.com and their article: “First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd” published on September 14, 2017 as well as Benzinga.com‘s news article titled: “Analyst: The Sun Hasn’t Set On First Solar’s Upside” with publication date: August 29, 2017.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has market cap of $5.27 billion. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology. It currently has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

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