Shares jumped down -3.49% to trade at $31.83 in recent trading session. The institutional investor owned 33,034 shares of the solar cell manufacturer's stock after selling 283 shares during the period. UBS Downgrades First Solar, Inc. First Solar's revenue was down 49.0% compared to the same quarter a year ago.
The Company has 104.30 million shares outstanding and 76.78 million shares were floated in market.
First Solar, Inc. had its " rating reiterated by analysts at JMP Securities. Elkhorn Investments LLC purchased a new position in First Solar during the fourth quarter valued at $726,000. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Finally, Trust Co. of Vermont increased its position in shares of First Solar by 2.1% in the third quarter. Boston Partners now owns 378,011 shares of the solar cell manufacturer's stock worth $14,928,000 after buying an additional 337,203 shares in the last quarter. Hedge funds and other institutional investors own 58.02% of the company's stock.
02/22/2017 - First Solar, Inc. had its " rating reiterated by analysts at Wells Fargo. (NASDAQ:FSLR) opened at 31.83 on Monday.
The 16 analysts offering 12-month price forecasts for First Solar Inc have a median target of 37.00, with a high estimate of 45.00 and a low estimate of 20.00. Extending back, their stock is trading -11.29% from the 50-Day Simple Moving Average, looking even further back, they are trading -21.81% off of the 200-Day Simple Moving Average.
First Solar, Inc. (FSLR) has a market capitalization of 3.31 Billion.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 21st. The solar cell manufacturer reported $1.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.27.
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First Solar, Inc. (FSLR) is now showing its ROA (Return on Assets) of -4.8%. According to their predictions High & Low revenue estimates are 1.2 Billion and 239.4 Million respectively. The business's revenue for the quarter was down 49.0% compared to the same quarter past year.
The Company now has Insider ownership of 23.6 Percent and Institutional Ownership of 66 Percent. For the Q4 this year, the consensus current earnings per share trend estimates were for $-0.07 while for one month ago was $0.14. Vetr downgraded First Solar from a "buy" rating to a "hold" rating and set a $33.62 price objective for the company.in a research report on Tuesday, March 7th.
According to Yahoo Finance, the price target for the company which analysts are aiming is 56. During the same quarter in the prior year, the company posted $1.60 earnings per share.
02/22/2017 - First Solar, Inc. was downgraded to "underperform" by analysts at Credit Suisse.
Several sell side analysts reviewed their recommendations on First Solar, Inc. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the stock.
Basically, a price target is an individual analyst's projection on the future price of a stock. Also, EVP Paul J. Kaleta sold 8,492 shares of the business's stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $33.69, for a total transaction of $286,095.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $32.56, for a total value of $29,466.80. Company insiders own 0.40% of the company's stock.