Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Solar (FSLR) Share Price
News coverage about First Solar (NASDAQ:FSLR) has trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Solar earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the solar cell manufacturer an impact score of 45.8989995002561 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- First Solar (FSLR) Coverage Initiated by Analysts at Bank of America (americanbankingnews.com)
- First Solar: Can Thin-Film Keep Up? (finance.yahoo.com)
- PEC building 15 community solar farms north of San Antonio (slideshow) (bizjournals.com)
- First Solar (FSLR) Lifted to Strong-Buy at BidaskClub (americanbankingnews.com)
- First Solar (FSLR) Lifted to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of First Solar (NASDAQ:FSLR) traded down $0.59 during trading hours on Thursday, reaching $67.89. The company’s stock had a trading volume of 1,512,113 shares, compared to its average volume of 2,786,629. First Solar has a fifty-two week low of $25.56 and a fifty-two week high of $71.80. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7,196.48, a price-to-earnings ratio of 16.89 and a beta of 2.03.
First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The business’s quarterly revenue was up 59.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. sell-side analysts anticipate that First Solar will post 2.46 EPS for the current year.
Several equities analysts have recently issued reports on FSLR shares. Zacks Investment Research lowered First Solar from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Deutsche Bank raised First Solar from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $65.00 in a research report on Friday, September 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $50.00 price target on shares of First Solar in a research report on Friday, September 1st. Vetr lowered First Solar from a “strong-buy” rating to a “buy” rating and set a $51.52 target price for the company. in a research report on Wednesday, October 18th. Finally, Axiom Securities reissued a “buy” rating on shares of First Solar in a research report on Thursday, August 24th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.47.
In other First Solar news, CEO Mark R. Widmar sold 20,270 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was 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 filing with the SEC, which is available at the SEC website. Insiders own 0.58% of the company’s stock.
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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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