Somewhat Positive Media Coverage Somewhat Unlikely to Affect First Solar (FSLR) Share Price

Headlines about First Solar (NASDAQ:FSLR) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Solar earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the solar cell manufacturer an impact score of 45.687393334626 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s analysis:

Several research analysts have weighed in on the company. Vetr downgraded First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 price target for the company. in a report on Thursday, January 11th. Guggenheim reiterated a “neutral” rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. BidaskClub upgraded First Solar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded First Solar from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a report on Tuesday, December 12th. Finally, Roth Capital set a $80.00 price target on First Solar and gave the company a “buy” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.60.

First Solar (FSLR) traded up $0.12 during mid-day trading on Wednesday, hitting $66.70. The stock had a trading volume of 1,538,372 shares, compared to its average volume of 2,150,000. The firm has a market cap of $6,970.00, a P/E ratio of -16.03 and a beta of 2.08. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. First Solar has a 1-year low of $25.56 and a 1-year high of $76.61.

In other news, CEO Mark R. Widmar sold 20,270 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the sale, the chief executive officer now directly owns 100,754 shares in the company, valued at approximately $6,488,557.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Philip Dejong sold 15,304 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $67.83, for a total value of $1,038,070.32. Following the sale, the chief operating officer now owns 10,424 shares of the company’s stock, valued at $707,059.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,858 shares of company stock valued at $3,134,015. Insiders own 0.58% of the company’s stock.

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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.

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

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