First Solar’s (FSLR) Buy Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of First Solar (NASDAQ:FSLR) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $280.00 price target on the solar cell manufacturer’s stock.

A number of other equities research analysts also recently weighed in on FSLR. Susquehanna dropped their price target on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Truist Financial reaffirmed a “buy” rating and issued a $285.00 target price (down previously from $300.00) on shares of First Solar in a research note on Wednesday. Bank of America lowered their target price on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Mizuho raised shares of First Solar from a “neutral” rating to an “outperform” rating and upped their target price for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Finally, StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.08.

First Solar Trading Down 3.5 %

Shares of NASDAQ FSLR opened at $136.18 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company has a market cap of $14.58 billion, a PE ratio of 11.73, a P/E/G ratio of 0.19 and a beta of 1.47. The company has a 50-day moving average of $172.38 and a two-hundred day moving average of $198.11. First Solar has a 1-year low of $133.90 and a 1-year high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. As a group, equities analysts expect that First Solar will post 13.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC bought a new stake in First Solar during the third quarter worth $25,000. Kennebec Savings Bank bought a new stake in First Solar during the third quarter worth $29,000. Larson Financial Group LLC raised its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. Smartleaf Asset Management LLC raised its position in First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in First Solar during the fourth quarter worth $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.