News headlines about First Solar (NASDAQ:FSLR) have trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Solar earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the solar cell manufacturer an impact score of 46.5960077123315 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Bryan Robert Schumaker Sells 933 Shares of First Solar, Inc. (FSLR) Stock (americanbankingnews.com)
- First Solar, Inc. (FSLR) CFO Alexander R. Bradley Sells 4,325 Shares (americanbankingnews.com)
- Stock’s Technical Analysis – First Solar Inc (NASDAQ: FSLR) – Stocks Pen (stockspen.com)
- Vectren Selects Partner, Announces Location for 50 Megawatts of Renewable Energy in Southwestern Indiana – Business Wire (press release) (businesswire.com)
- Hot Stock Analysis – First Solar Inc (NASDAQ: FSLR) – Alpha Beta Stock (alphabetastock.com)
A number of equities analysts have recently issued reports on the company. Vetr downgraded First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 target price for the company. in a research note on Thursday, January 11th. Guggenheim reissued a “neutral” rating on shares of First Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded First Solar from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a report on Tuesday, December 12th. BidaskClub upgraded First Solar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Finally, Robert W. Baird upgraded First Solar from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $69.00 to $82.00 in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. First Solar currently has a consensus rating of “Buy” and an average target price of $69.83.
First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. The firm had revenue of $339.00 million for the quarter, compared to analysts’ expectations of $459.93 million. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. First Solar’s quarterly revenue was down 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. equities analysts anticipate that First Solar will post 1.67 EPS for the current year.
In other First Solar news, insider Bryan Robert Schumaker sold 933 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $65,310.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Raffi Garabedian sold 11,284 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $70.06, for a total value of $790,557.04. Following the sale, the insider now owns 9,227 shares in the company, valued at approximately $646,443.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,640 shares of company stock worth $3,586,500. 0.58% of the stock is owned by 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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