What’s in First Solar, Inc. (FSLR) After Today’s Significant Increase?

September 17, 2017 - By Ellis Scott

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.10, from 0.77 in 2016Q3. It improved, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.
Cullinan Assoc Inc reported 0.03% stake. Kcg Hldg Incorporated has 0.02% invested in First Solar, Inc. (NASDAQ:FSLR) for 28,291 shares. 1.93 million were accumulated by Thompson Siegel And Walmsley Limited Liability Company. Aberdeen Asset Mgmt Public Ltd Llc Uk has 19,275 shares for 0% of their portfolio. Citigroup reported 189,511 shares. Sei invested in 0% or 4,926 shares. Essex Invest Limited invested in 22,350 shares. Daiwa Sb Investments reported 0.22% stake. Moreover, Menora Mivtachim Holding Limited has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 3,800 shares. Kbc Group Nv stated it has 6,271 shares or 0% of all its holdings. Aqr Capital Mgmt Limited Com stated it has 298,446 shares. Metropolitan Life Insur Co stated it has 0.01% in First Solar, Inc. (NASDAQ:FSLR). Parkwood Lc holds 0.04% or 8,150 shares in its portfolio. 7,833 are owned by Oregon Employees Retirement Fund. Virtus Advisers holds 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 2,588 shares.

Since May 3, 2017, it had 1 buying transaction, and 1 insider sale for $51,397 activity. 2,747 shares were sold by Schumaker Bryan Robert, worth $96,145.

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! The stock increased 4.17% or $2.02 on September 15, reaching $50.45. About 5.40M shares traded or 267.35% up from the average. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.
The move comes after 6 months positive chart setup for the $5.27B company. It was reported on Sep, 17 by Barchart.com. We have $53.48 PT which if reached, will make NASDAQ:FSLR worth $316.20 million more.

Wall Street await First Solar, Inc. (NASDAQ:FSLR) to release earnings on November, 1. Analysts forecast EPS of $0.79, down exactly $0.43 or 35.25 % from 2014’s $1.22 EPS. The expected FSLR’s profit could reach $82.52 million giving the stock 15.97 P/E in the case that $0.79 earnings per share is reported. After posting $0.64 EPS for the previous quarter, First Solar, Inc.’s analysts now forecast 23.44 % EPS growth.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Among 25 analysts covering First Solar Inc. (NASDAQ:FSLR), 9 have Buy rating, 4 Sell and 12 Hold. Therefore 36% are positive. First Solar Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Roth Capital given on Tuesday, January 26. As per Thursday, November 3, the company rating was downgraded by Oppenheimer. As per Friday, November 18, the company rating was downgraded by UBS. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Neutral” rating given on Wednesday, November 23 by Macquarie Research. The company was initiated on Monday, October 10 by Piper Jaffray. As per Thursday, June 2, the company rating was initiated by Wells Fargo. The rating was downgraded by TH Capital on Thursday, November 3 to “Neutral”. The rating was maintained by Standpoint Research with “Buy” on Friday, October 30. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Hold” rating given on Thursday, February 25 by Standpoint Research. The stock has “Buy” rating by Standpoint Research on Friday, January 15.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Fool.com which released: “What Does First Solar’s Future Really Look Like?” on August 31, 2017, also Marketwatch.com with their article: “Opinion: First Solar vs. SunPower: Which stock eclipses the other?” published on August 18, 2017, Benzinga.com published: “Analyst: The Sun Hasn’t Set On First Solar’s Upside” on August 29, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Nasdaq.com and their article: “Ecofin Ltd Buys First Solar Inc, Delphi Automotive PLC, Algonquin Power …” published on August 18, 2017 as well as Seekingalpha.com‘s news article titled: “First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd” with publication date: September 14, 2017.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has market cap of $5.27 billion. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology. It currently has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

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