Media coverage about First Solar (NASDAQ:FSLR) has been trending somewhat positive recently, AlphaOne reports. AlphaOne, a service of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Solar earned a coverage optimism score of 0.17 on AlphaOne’s scale. AlphaOne also gave news headlines about the solar cell manufacturer an impact score of 19 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted AlphaOne’s analysis:
- Trade the First Solar, Inc. (FSLR) Stock Downgrade With Aplomb! – Investorplace.com (investorplace.com)
- Notable Friday Option Activity: PANW, HD, FSLR (nasdaq.com)
- First Solar Holds 200-Day MA but Chart Could Be Bearish (FSLR) (finance.yahoo.com)
- First Solar -1.7% on Baird downgrade – Seeking Alpha (seekingalpha.com)
First Solar (NASDAQ:FSLR) traded up 3.95% during mid-day trading on Friday, reaching $36.34. The company’s stock had a trading volume of 3,217,091 shares. The firm’s market cap is $3.79 billion. The company has a 50-day moving average price of $30.63 and a 200-day moving average price of $32.26. First Solar has a 12-month low of $25.56 and a 12-month high of $51.33.
First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, May 2nd. The solar cell manufacturer reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.38. The business had revenue of $891.79 million for the quarter, compared to analysts’ expectations of $699.15 million. First Solar had a return on equity of 9.58% and a net margin of 14.72%. On average, equities research analysts expect that First Solar will post $0.54 earnings per share for the current year.
FSLR has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of First Solar in a report on Friday, April 7th. Vetr lowered First Solar from a “strong-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Thursday, February 16th. Credit Suisse Group AG lowered First Solar from a “neutral” rating to an “underperform” rating and set a $29.00 price target on the stock. in a report on Wednesday, February 22nd. Goldman Sachs Group Inc reiterated a “neutral” rating on shares of First Solar in a report on Friday, February 10th. Finally, JMP Securities lowered First Solar from a “market perform” rating to an “underperform” rating and set a $28.00 price target on the stock. in a report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $41.08.
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In other news, Director J Thomas Presby purchased 4,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $36.89 per share, with a total value of $147,560.00. Following the acquisition, the director now directly owns 17,958 shares of the company’s stock, valued at $662,470.62. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Alexander R. Bradley sold 905 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $32.56, for a total value of $29,466.80. Following the transaction, the chief financial officer now directly owns 571 shares in the company, valued at $18,591.76. The disclosure for this sale can be found here. Insiders have sold a total of 13,850 shares of company stock worth $466,402 over the last three months. Insiders own 0.40% of the company’s stock.
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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