First Solar (FSLR) Cut to Sell at Vetr

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JD.com had 42 analyst reports since August 4, 2015 according to SRatingsIntel. Longbow upgraded the stock to "Buy" rating in Monday, June 5 report. The company had a trading volume of 1,657,234 shares. (NASDAQ:FSLR). Corecommodity Mngmt Lc holds 0.34% of its portfolio in First Solar, Inc. Bank of America assumed coverage on shares of First Solar in a report on Thursday, December 14th. (NASDAQ:FSLR) rallied almost 10% on Thursday and by so doing accomplished an important technical breakout. The insider now holds 21,787 shares of First Solar, Inc. If the $76.25 price target is reached, the company will be worth $231.93 million more. The stock increased 0.38% or $0.67 during the last trading session, reaching $174.96. Blackrock Inc. owns $500.23 million in First Solar, Inc., which represents roughly 6.28% of the company's market cap and approximately 13.6% of the institutional ownership. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47.

More specifically for First Solar, its stock saw positive comments from analysts.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $1.11. First Solar had a net margin of 14.72% and a return on equity of 9.58%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. The total number of shares traded in the last 90-day period is 53,659. During the same period in the previous year, the business earned $1.22 EPS. equities research analysts anticipate that First Solar will post 2.52 earnings per share for the current fiscal year. About 1.45 million shares traded. Highbridge Cap Mgmt Ltd Company owns 6,421 shares for 0% of their portfolio. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock was sold at an average price of $67.83, for a total transaction of $1,038,070.32. The disclosure for this sale can be found here. The same analysts are predicting that the company shares will trade to $69.11 within the next 12-18 months.

A number of hedge funds have recently made changes to their positions in FSLR. It also reduced Constellium Nv (NYSE:CSTM) stake by 107,500 shares and now owns 1.39 million shares. Insiders own 0.58% of the company's stock. Walleye Trading Ltd Llc has 0.01% invested in First Solar, Inc. Barring any immediate bearish reversal and outside news FSLR stock now looks poised to push well higher again as the next up-leg is underway. Kallo said First Solar is his top pick in the sector, due to its strong product pipeline, improvements in efficiency and strong balance sheet.

Examining Institutional Ownership at First Solar, Inc. Thrivent Financial For Lutherans raised its position in shares of First Solar by 6.3% during the 2nd quarter. Schroder Investment Management Group raised its holdings in shares of First Solar by 12,600.7% in the second quarter. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company's stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and global trademark & copyright laws. The legal version of this report can be read at https://www.thelincolnianonline.com/2018/01/10/first-solar-fslr-cut-to-sell-at-vetr-updated.html.

CEO, Widmar Mark R, sold 20,270 common shares of First Solar, Inc. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions.

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