Media headlines about First Solar (NASDAQ:FSLR) have been trending positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty 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 media sentiment score of 0.30 on Accern’s scale. Accern also gave news articles about the solar cell manufacturer an impact score of 45.6780737516155 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- D. E. Shaw Renewable Investments Acquires Cuyama Solar Project from First Solar (ih.advfn.com)
- D. E. Shaw Renewable Investments Acquires Cuyama Solar Project from First Solar (finance.yahoo.com)
- BRIEF-D. E. Shaw Renewable Investments to buy Cuyama solar project from First Solar (feeds.reuters.com)
- First Solar, Inc. (FSLR) Rating Increased to Hold at Vetr Inc. (americanbankingnews.com)
- First Solar, Inc. (FSLR) Earns “Outperform” Rating from JMP Securities (americanbankingnews.com)
Several analysts recently weighed in on FSLR shares. Roth Capital upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Thursday, April 27th. BidaskClub upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Cowen and Company set a $40.00 price objective on shares of First Solar and gave the company a “buy” rating in a research report on Monday, July 10th. Vetr downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating and set a $47.53 price objective on the stock. in a research report on Monday, July 17th. Finally, Axiom Securities upgraded shares of First Solar from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.40 to $51.00 in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.89.
Shares of First Solar (NASDAQ:FSLR) traded down 2.65% on Thursday, reaching $47.77. 1,167,447 shares of the company were exchanged. First Solar has a 12 month low of $25.56 and a 12 month high of $50.21. The stock’s market capitalization is $4.99 billion. The stock has a 50 day moving average price of $44.91 and a 200-day moving average price of $36.12.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $623 million for the quarter, compared to the consensus estimate of $591.55 million. During the same period last year, the company posted $0.87 EPS. First Solar’s revenue for the quarter was down 38.7% on a year-over-year basis. On average, equities analysts expect that First Solar will post $2.11 EPS for the current fiscal year.
In related news, CFO Alexander R. Bradley sold 566 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $48.66, for a total transaction of $27,541.56. Following the completion of the sale, the chief financial officer now directly owns 963 shares of the company’s stock, valued at approximately $46,859.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul J. Kaleta sold 23,696 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $49.69, for a total value of $1,177,454.24. Following the sale, the executive vice president now directly owns 14,510 shares of the company’s stock, valued at $721,001.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,909 shares of company stock valued at $4,705,246. 0.40% of the stock is owned by company insiders.
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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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