First Solar (NASDAQ:FSLR) Receives Media Impact Rating of 0.22

News headlines about First Solar (NASDAQ:FSLR) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Solar earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the solar cell manufacturer an impact score of 0 out of 100, indicating 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 headlines that may have effected Accern’s rankings:

A number of equities analysts have weighed in on FSLR shares. JMP Securities decreased their target price on First Solar from $31.00 to $25.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 15th. Vetr upgraded First Solar from a “hold” rating to a “buy” rating and set a $33.19 target price on the stock in a research note on Monday, March 20th. J P Morgan Chase & Co lowered First Solar to a “hold” rating and set a $38.00 target price on the stock. in a research note on Saturday, March 25th. Roth Capital set a $29.00 target price on First Solar and gave the stock a “hold” rating in a research note on Tuesday, March 28th. Finally, Credit Suisse Group decreased their target price on First Solar from $29.00 to $25.00 and set an “underperform” rating on the stock in a research note on Friday, April 7th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.08.

Shares of First Solar (NASDAQ FSLR) opened at 39.83 on Wednesday. First Solar has a 12-month low of $25.56 and a 12-month high of $49.50. The stock’s market cap is $4.15 billion. The firm has a 50-day moving average price of $37.42 and a 200 day moving average price of $33.34.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, May 2nd. The solar cell manufacturer reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.38. First Solar had a positive return on equity of 6.71% and a negative net margin of 18.14%. The business had revenue of $891.79 million during the quarter, compared to analyst estimates of $699.15 million. Equities research analysts expect that First Solar will post $0.52 earnings per share for the current year.

In other First Solar news, Director J Thomas Presby bought 4,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $36.89 per share, for a total transaction of $147,560.00. Following the completion of the transaction, the director now directly owns 17,958 shares of the company’s stock, valued at $662,470.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bryan Robert Schumaker sold 2,747 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $35.00, for a total value of $96,145.00. Following the transaction, the insider now owns 1,235 shares of the company’s stock, valued at approximately $43,225. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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