First Solar (FSLR) PT Set at $80.00 by Roth Capital
First Solar (NASDAQ:FSLR) has been assigned a $80.00 price objective by stock analysts at Roth Capital in a report issued on Monday. The firm presently has a “buy” rating on the solar cell manufacturer’s stock. Roth Capital’s price objective would suggest a potential upside of 16.09% from the company’s current price.
A number of other equities research analysts have also weighed in on FSLR. JMP Securities set a $67.00 price objective on First Solar and gave the company a “buy” rating in a report on Wednesday, August 16th. Deutsche Bank lifted their price objective on First Solar from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Vetr lowered First Solar from a “hold” rating to a “sell” rating and set a $45.99 price objective on the stock. in a report on Monday, August 14th. Robert W. Baird raised First Solar from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $69.00 to $82.00 in a report on Monday. Finally, Cowen reaffirmed an “outperform” rating and issued a $77.00 price objective (up previously from $60.00) on shares of First Solar in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. First Solar presently has an average rating of “Buy” and a consensus price target of $61.00.
Shares of First Solar (FSLR) opened at $68.91 on Monday. First Solar has a twelve month low of $25.56 and a twelve month high of $71.80. The firm has a market capitalization of $7,315.53, a P/E ratio of 17.17 and a beta of 2.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47.
In other news, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the sale, the chief executive officer now directly owns 100,754 shares in the company, valued at approximately $6,488,557.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Energy Opportunities Capital Management LLC acquired a new position in shares of First Solar during the 3rd quarter worth approximately $1,250,000. GSA Capital Partners LLP acquired a new position in shares of First Solar during the 3rd quarter worth approximately $488,000. Cetera Advisors LLC raised its position in shares of First Solar by 16.0% during the 3rd quarter. Cetera Advisors LLC now owns 7,963 shares of the solar cell manufacturer’s stock worth $365,000 after purchasing an additional 1,100 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of First Solar during the 3rd quarter worth approximately $1,519,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of First Solar during the 3rd quarter worth approximately $2,720,000. Institutional investors own 51.21% of the company’s stock.
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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