News stories about First Solar (NASDAQ:FSLR) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Solar earned a news impact score of 0.25 on Accern’s scale. Accern also gave media headlines about the solar cell manufacturer an impact score of 45.1052544649709 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
First Solar traded up $0.05, hitting $52.41, during mid-day trading on Thursday, MarketBeat reports. 23,385 shares of the company traded hands, compared to its average volume of 4,031,828. First Solar has a one year low of $38.36 and a one year high of $81.72. The firm has a market cap of $5.49 billion, a PE ratio of 20.13, a PEG ratio of 2.70 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.81 and a quick ratio of 6.49.
First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, April 26th. The solar cell manufacturer reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.86. First Solar had a negative net margin of 3.51% and a positive return on equity of 6.26%. The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $421.47 million. During the same period in the previous year, the business posted $0.25 earnings per share. First Solar’s revenue for the quarter was down 36.4% on a year-over-year basis. research analysts anticipate that First Solar will post 1.77 earnings per share for the current year.
A number of research firms recently issued reports on FSLR. Standpoint Research upgraded shares of First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 price objective for the company in a research report on Wednesday, March 7th. BidaskClub raised shares of First Solar from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. UBS Group initiated coverage on shares of First Solar in a report on Thursday, March 15th. They issued a “buy” rating and a $81.00 target price for the company. ValuEngine upgraded shares of First Solar from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Finally, Morgan Stanley increased their target price on shares of First Solar from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, April 16th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $68.55.
In related news, insider Bryan Robert Schumaker sold 1,656 shares of First Solar stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $75.00, for a total value of $124,200.00. Following the transaction, the insider now directly owns 848 shares of the company’s stock, valued at $63,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Georges Antoun sold 3,142 shares of First Solar stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $74.63, for a total transaction of $234,487.46. Following the completion of the transaction, the insider now directly owns 81,027 shares in the company, valued at $6,047,045.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,873 shares of company stock valued at $1,713,879. 0.54% of the stock is currently owned by company insiders.
First Solar Company Profile
First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.
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