Economy

First Solar Shares Catapult On Strong Quarterly Results

Following the sale, the chief financial officer now owns 963 shares of the company's stock, valued at $46,859.58. Commonwealth Equity Services Inc holds 28,657 shares. About 750 shares traded.

First Solar reports 4.5 GW-DC of module bookings in 2017 to date, which brings it to 7.4 GW of modules which have been booked but not yet delivered. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 67% are positive.

First Solar, Inc. (NASDAQ:FSLR)'s RSI (Relative Strength Index) is 70.02. The stock has a 50-day moving average of $47.70 and a 200-day moving average of $41.62.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Wednesday, August 3rd. Deutsche Bank upgraded First Solar, Inc.

Among 48 analysts covering Apple Inc. The rating was downgraded by UBS to "Sell" on Friday, November 18. Apple Inc. had 310 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Overweight" rating by Barclays Capital on Tuesday, September 1. The rating was maintained by Goldman Sachs with "Buy" on Wednesday, April 27.

First Solar's ability to offer stable pricing has also led to a lot of bookings in 2017. (NASDAQ:FSLR) has "Outperform" rating given on Wednesday, August 5 by Cowen & Co. The firm has "Neutral" rating by Piper Jaffray given on Monday, October 10. And solar panel production will be disrupted as equipment is upgraded from Series 4 to Series 6. The company was initiated on Thursday, June 2 by Wells Fargo.

9/26/2017-Roth Capital Reiterated Rating of Buy. (NASDAQ:AAPL) on Tuesday, May 9. 129 funds opened positions while 634 raised stakes. Century reported 7,250 shares. Another trade for 4,000 shares valued at $147,542 was made by PRESBY J THOMAS on Thursday, May 11. Salem Investment Counselors has invested 5.75% of its portfolio in Apple Inc. Lombard Odier Asset Management (Europe) Ltd holds 0.47% of its portfolio in Apple Inc. Renaissance Technology Limited holds 0.01% or 139,300 shares. Willingdon Wealth Management has 1.51% invested in Apple Inc. Insiders own 0.58% of the company's stock.

First Solar, Inc.'s stock has performed at 49.33%. The company has market cap of $6.06 billion.

Thin-film manufacturer First Solar reported record Q3 bookings of 4.5GW taking the company's order book to 7.4GW for shipments out to 2020. It now has negative earnings. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes. This is over two years' worth of output, even before the impact of idled lines for First Solar's retooling is considered, and the company notes that it has contracts to supply modules into 2020. (NASDAQ:FSLR) to report earnings on Oct, 26 for the fiscal quarter ending Sep 2017. During the same period in the previous year, the business earned $1.22 earnings per share. FSLR's profit will be $82.45 million for 17.98 P/E if the $0.79 EPS becomes a reality.

Since May 3, 2017, it had 1 buy, and 1 sale for $51,397 activity. HighTower Advisors LLC now owns 22,791 shares of the solar cell manufacturer's stock worth $617,000 after buying an additional 2,662 shares during the period. Da Davidson & accumulated 3,487 shares.

Investors sentiment increased to 1.56 in Q2 2017. Its up 0.46, from 1.1 in 2017Q1. It is increasing its earnings per share range from $2.00 to $2.50, to between $2.40 and $2.60.

And at a time when so many cell and module makers are struggling, First Solar is in the somewhat unusual position of having ample capital to fund its retooling. The legal version of this report can be accessed at https://stocknewstimes.com/2017/10/27/vetr-inc-lowers-first-solar-inc-fslr-to-buy.html.



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