First Solar, Inc. (NASDAQ:FSLR) shares rose 9.5% on Friday . The stock traded as high as $76.61 and last traded at $76.27. Approximately 6,341,200 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 2,234,137 shares. The stock had previously closed at $69.64.

FSLR has been the subject of several research analyst reports. Vetr cut shares of First Solar from a “buy” rating to a “hold” rating and set a $48.80 price target for the company. in a report on Monday, September 18th. Roth Capital reiterated a “buy” rating and issued a $60.00 price target on shares of First Solar in a report on Tuesday, September 26th. JMP Securities reiterated an “outperform” rating and issued a $50.00 price target (down previously from $67.00) on shares of First Solar in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $53.00 price target on shares of First Solar in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.13.

The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $7,670.00, a PE ratio of -17.65 and a beta of 2.04.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $1.11. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $859.22 million. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The firm’s revenue for the quarter was up 59.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. analysts forecast that First Solar, Inc. will post 2.52 EPS for the current year.

In other First Solar news, COO Philip Dejong sold 15,304 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $67.83, for a total transaction of $1,038,070.32. Following the sale, the chief operating officer now directly owns 10,424 shares of the company’s stock, valued at $707,059.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raffi Garabedian sold 11,284 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $70.06, for a total transaction of $790,557.04. Following the sale, the insider now directly owns 9,227 shares in the company, valued at $646,443.62. The disclosure for this sale can be found here. In the last three months, insiders sold 46,858 shares of company stock worth $3,134,015. 0.58% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FSLR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in First Solar by 64.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer’s stock worth $201,000 after acquiring an additional 1,716 shares in the last quarter. Garner Asset Management Corp bought a new stake in First Solar during the second quarter worth $208,000. Riverhead Capital Management LLC raised its position in First Solar by 82.6% during the second quarter. Riverhead Capital Management LLC now owns 5,660 shares of the solar cell manufacturer’s stock worth $226,000 after acquiring an additional 2,560 shares in the last quarter. Bluestein R H & Co. bought a new stake in First Solar during the second quarter worth $241,000. Finally, M&T Bank Corp bought a new stake in First Solar during the second quarter worth $244,000. 50.87% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “First Solar (FSLR) Stock Price Up 9.5%” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/first-solar-fslr-stock-price-up-9-5/1806489.html.

First Solar Company Profile

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.

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 Analyst Ratings Network's FREE daily email newsletter.