Somewhat Favorable Press Coverage Somewhat Unlikely to Impact First Solar (FSLR) Share Price
Press coverage about First Solar (NASDAQ:FSLR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Solar earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media stories about the solar cell manufacturer an impact score of 46.0824454206536 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- First Solar and SunPower: Effects of Solar Panel Tariffs – Investopedia (investopedia.com)
- SHU Portfolio: About That $110 Price Target For First Solar From Deutsche Bank – Seeking Alpha (seekingalpha.com)
- Today’s Research Reports on Stocks to Watch: First Solar, Inc. and Real Goods Solar (finance.yahoo.com)
- Divided U.S. solar sector spars over trade relief at hearing (finance.yahoo.com)
FSLR has been the subject of a number of research reports. Cowen and Company set a $40.00 price objective on First Solar and gave the company a “buy” rating in a research report on Monday, July 10th. Axiom Securities reissued a “buy” rating on shares of First Solar in a research report on Thursday, August 10th. Deutsche Bank AG raised First Solar from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $65.00 in a research report on Friday, September 15th. Robert W. Baird reissued a “hold” rating and set a $50.00 price objective on shares of First Solar in a research report on Friday, September 1st. Finally, Vetr raised First Solar from a “sell” rating to a “hold” rating and set a $48.61 price objective for the company in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.89.
First Solar (FSLR) opened at 48.21 on Monday. The firm’s 50-day moving average price is $47.65 and its 200 day moving average price is $39.68. First Solar has a 12-month low of $25.56 and a 12-month high of $53.00. The company’s market capitalization is $5.03 billion.
First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $591.55 million. During the same period in the prior year, the business posted $0.87 EPS. The company’s quarterly revenue was down 38.7% on a year-over-year basis. On average, equities research analysts expect that First Solar will post $2.11 EPS for the current fiscal year.
In other news, insider Raffi Garabedian sold 5,800 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.83, for a total transaction of $289,014.00. Following the completion of the transaction, the insider now directly owns 11,474 shares in the company, valued at approximately $571,749.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alexander R. Bradley sold 566 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $48.66, for a total transaction of $27,541.56. Following the transaction, the chief financial officer now owns 963 shares of the company’s stock, valued at $46,859.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,674 shares of company stock valued at $4,655,846. Company insiders own 0.58% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-first-solar-fslr-share-price/1618656.html.
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.
Receive News & Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.