Could First Solar, Inc. (FSLR) Decline After Today’s Big Increase?

September 17, 2017 - By Hazel Jackson

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.10, from 0.77 in 2016Q3. It is positive, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported.
Mutual Of America Mngmt Llc holds 6,788 shares or 0% of its portfolio. Oslo Asset Mngmt As accumulated 20,900 shares. Cetera Advisors Ltd has 6,763 shares for 0.02% of their portfolio. Parkwood Ltd reported 0.04% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Aberdeen Asset Management Pcl Uk holds 0% or 19,275 shares in its portfolio. National Bank Of America Corporation De accumulated 0% or 163,488 shares. Northwestern Mutual Wealth Mgmt holds 0% or 3,997 shares in its portfolio. Aqr Capital Mngmt Limited Liability reported 0.01% in First Solar, Inc. (NASDAQ:FSLR). Natixis Asset Management accumulated 14,334 shares. Great West Life Assurance Can invested 0.02% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Blackrock Institutional Communication Na owns 2.08 million shares. Manufacturers Life Ins Company The has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Hap Trading Ltd Liability holds 44,900 shares. Daiwa Sb Invests Limited owns 26,400 shares. Ameriprise Fin has invested 0% in First Solar, Inc. (NASDAQ:FSLR).

Since May 3, 2017, it had 1 buy, and 1 sale for $51,397 activity. Schumaker Bryan Robert also sold $96,145 worth of First Solar, Inc. (NASDAQ:FSLR) shares.

The stock of First Solar, Inc. (NASDAQ:FSLR) is a huge mover today! The stock increased 4.17% or $2.02 on September 15, reaching $50.45. About 5.40 million shares traded or 267.35% up from the average. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since September 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.
The move comes after 6 months positive chart setup for the $5.27B company. It was reported on Sep, 17 by Barchart.com. We have $53.48 PT which if reached, will make NASDAQ:FSLR worth $316.20 million more.

Wall Street await First Solar, Inc. (NASDAQ:FSLR) to release earnings on November, 1. Analysts forecast earnings per share of $0.79, down exactly $0.43 or 35.25 % from 2014’s $1.22 EPS. The expected FSLR’s profit could reach $82.52 million giving the stock 15.97 P/E in the case that $0.79 earnings per share is reported. After posting $0.64 EPS for the previous quarter, First Solar, Inc.’s analysts now forecast 23.44 % EPS growth.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Among 25 analysts covering First Solar Inc. (NASDAQ:FSLR), 9 have Buy rating, 4 Sell and 12 Hold. Therefore 36% are positive. First Solar Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of FSLR in report on Tuesday, July 25 with “Buy” rating. Roth Capital maintained the shares of FSLR in report on Wednesday, July 26 with “Buy” rating. The firm has “Buy” rating by Standpoint Research given on Monday, January 18. The company was upgraded on Tuesday, January 5 by Goldman Sachs. On Thursday, May 18 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm has “Buy” rating given on Friday, October 30 by Standpoint Research. The firm has “Overweight” rating given on Tuesday, September 1 by Barclays Capital. TH Capital downgraded the stock to “Neutral” rating in Thursday, November 3 report. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Neutral” rating given on Thursday, March 31 by Mizuho. On Thursday, November 3 the stock rating was downgraded by Janney Capital to “Neutral”.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Nasdaq.com which released: “Ecofin Ltd Buys First Solar Inc, Delphi Automotive PLC, Algonquin Power …” on August 18, 2017, also Seekingalpha.com with their article: “First Solar, Inc.: Suniva 201 Petition Ruling Due September 22nd” published on September 14, 2017, Benzinga.com published: “4 Reasons Deutsche Bank Upgraded First Solar” on September 15, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Benzinga.com and their article: “Analyst: The Sun Hasn’t Set On First Solar’s Upside” published on August 29, 2017 as well as Marketwatch.com‘s news article titled: “Opinion: First Solar vs. SunPower: Which stock eclipses the other?” with publication date: August 18, 2017.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has market cap of $5.27 billion. The Firm designs, makes and sells PV solar modules with a thin-film semiconductor technology. It currently has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.