Media stories about First Solar (NASDAQ:FSLR) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Solar earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the solar cell manufacturer an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- First Solar, Inc. (FSLR) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Brokerages Anticipate First Solar, Inc. (FSLR) Will Post Earnings of $0.67 Per Share (americanbankingnews.com)
- Solar Power's New Dawn (finance.yahoo.com)
- Should You Buy First Solar, Inc. (NASDAQ:FSLR) On Current Analyst Views? (joshnaijablog.com)
- First Solar Posts Positive Earnings in Face of ITC Investigation of Suniva (nasdaq.com)
First Solar (NASDAQ FSLR) traded up 1.44% during midday trading on Friday, hitting $47.98. 1,407,869 shares of the stock traded hands. The company has a 50-day moving average of $41.35 and a 200-day moving average of $34.90. First Solar has a 1-year low of $25.56 and a 1-year high of $50.21. The stock’s market cap is $5.01 billion.
First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The firm had revenue of $623 million during the quarter, compared to analysts’ expectations of $591.55 million. During the same period in the previous year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was down 38.7% compared to the same quarter last year. On average, equities analysts expect that First Solar will post $2.23 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. UBS AG raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Zacks Investment Research cut shares of First Solar from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of First Solar from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. TheStreet raised shares of First Solar from a “d+” rating to a “c” rating in a research note on Wednesday, July 19th. Finally, Vetr cut shares of First Solar from a “buy” rating to a “sell” rating and set a $46.69 price objective for the company. in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.35.
In other news, insider Raffi Garabedian sold 5,800 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.83, for a total value of $289,014.00. Following the completion of the sale, the insider now owns 11,474 shares of the company’s stock, valued at $571,749.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bryan Robert Schumaker sold 1,235 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $40.00, for a total transaction of $49,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,011 shares of company stock valued at $4,661,550. Company insiders own 0.40% of the company’s stock.
First Solar Company Profile
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.
Receive News & Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related companies with our FREE daily email newsletter.