Jueves, 23 Marcha, 2017

Trader's Buzzers: First Solar, Inc. (FSLR)

Manuel Armenta | 21 Marcha, 2017, 01:36

First Solar now has a consensus rating of "Hold" and an average target price of $44.31. This rating was issued on 2/28/17. Franklin Resources Inc. now owns 6,269,614 shares of the solar cell manufacturer's stock valued at $201,193,000 after buying an additional 6,148,469 shares in the last quarter. First Solar, Inc. was covered by a number of analysts recently, 0 rated the stock as Strong Buy, 0 rated Buy, 0 rated Hold, 0 rated sell and 0 gave an Underperform. They now have a Dollars 37 price target on the stock.

The stock has a high price target of $95 according to consensus of 22 analysts.

02/22/2017 - First Solar, Inc. had its "market perform" rating reiterated by analysts at Wells Fargo. They now have a United States dollars 30 price target on the stock. They issued a "sell" rating and a $21.00 price objective for the company. The Low Price target projection by analysts is $20 and the Mean Price Target is $34.83. Cornerstone Advisors Inc. increased its position in shares of First Solar by 2,220.9% in the third quarter. They now have a Dollars 20 price target on the stock.

First Solar, Inc. (NASDAQ:FSLR) now has a High Price Target of $56. While some analysts have a High Price target for the stock of $56 and a Low Price Target of $20. Finally, Needham & Company LLC reiterated a "hold" rating on shares of First Solar in a report on Wednesday, February 22nd. (FSLR) a rating of 2.79 on a scale of 1 to 5. Usually the RSI is considered overbought when above 70 and oversold when less than 30. TheStreet downgraded First Solar from a "c" rating to a "d+" rating in a report on Tuesday, February 21st. The business's revenue for the quarter was down 49.0% compared to the same quarter a year ago. Average recommendation stands as Hold with consensus analysis of 23 Analysts.

For the quarter ending 11/02/2016, The Analyst projected that the company could deliver EPS of 0.74 while the company provided its Actual EPS of 1.22 showing a difference of 0.48 Percent between the Estimated and Actual EPS. Thus the company showed an Earnings Surprise of 27.8 Percent. There was a stock decrease by -3.49 percent. (FSLR) traded with the volume of 18.47 Million in the previous trading session.

If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 45 and average price target of 34.98. For FSLR, the company now has $1.38 Billion of cash on the books, which is offset by $27.97 Million current liabilities. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -7.44%.

On 16 March 2017, Trina Solar Limited (NYSE:TSL) shares moved to $11.54 after starting the day at $11.53.

First Solar, Inc. (FSLR) is now showing its ROA (Return on Assets) of -4.8%. Including today's unusual volume, First Solar, Inc.'s stock is performing at -0.81% on the year.

Looking about the past performance history, the company jumped 1.54% in past week and declined -2.77% in one month.

11/23/2016 - First Solar, Inc. was downgraded to "neutral" by analysts at Macquarie. The Next Year EPS growth is 237.1%, Long term annual growth estimate of -37.33%, Annual EPS growth past 5 years of 3.99 percent.

The stock is now showing YTD performance of 2.77 Percent. The solar cell manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.27. Finally, Tyers Asset Management LLC acquired a new position in shares of First Solar during the fourth quarter valued at $379,000.