First Solar, Inc. (NASDAQ:FSLR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

FSLR has been the subject of a number of other reports. TheStreet upgraded shares of First Solar from a “d+” rating to a “c” rating in a research report on Wednesday, July 19th. BidaskClub lowered shares of First Solar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Axiom Securities upgraded shares of First Solar from a “sell” rating to a “hold” rating and cut their target price for the stock from $30.32 to $21.00 in a research report on Wednesday, May 3rd. Deutsche Bank AG set a $47.00 target price on shares of First Solar and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Finally, UBS Group AG upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.35.

First Solar (FSLR) opened at 46.75 on Friday. The company’s market capitalization is $4.88 billion. The stock has a 50 day moving average price of $43.67 and a 200-day moving average price of $35.55. First Solar has a 52 week low of $25.56 and a 52 week high of $50.21.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.60. The firm had revenue of $623 million during the quarter, compared to analyst estimates of $591.55 million. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The business’s revenue for the quarter was down 38.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. On average, equities analysts predict that First Solar will post $2.11 earnings per share for the current fiscal year.

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In other First Solar news, CFO Alexander R. Bradley sold 566 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $48.66, for a total value of $27,541.56. Following the sale, the chief financial officer now owns 963 shares in the company, valued at $46,859.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bryan Robert Schumaker sold 1,235 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $40.00, for a total transaction of $49,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,909 shares of company stock worth $4,705,246. Corporate insiders own 0.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. Personal Capital Advisors Corp boosted its stake in shares of First Solar by 33.4% in the first quarter. Personal Capital Advisors Corp now owns 331,437 shares of the solar cell manufacturer’s stock worth $9,290,000 after buying an additional 82,983 shares during the period. Norges Bank acquired a new stake in shares of First Solar during the fourth quarter worth $3,470,000. Bank of America Corp DE boosted its stake in shares of First Solar by 67.2% in the first quarter. Bank of America Corp DE now owns 273,426 shares of the solar cell manufacturer’s stock worth $7,409,000 after buying an additional 109,938 shares during the period. Baird Financial Group Inc. boosted its stake in shares of First Solar by 86.9% in the first quarter. Baird Financial Group Inc. now owns 12,890 shares of the solar cell manufacturer’s stock worth $349,000 after buying an additional 5,995 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of First Solar by 13.2% in the first quarter. HighTower Advisors LLC now owns 22,791 shares of the solar cell manufacturer’s stock worth $617,000 after buying an additional 2,662 shares during the period. Institutional investors and hedge funds own 60.75% 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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Analyst Recommendations for First Solar (NASDAQ:FSLR)

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