Economy

First Solar, Inc. (FSLR) Position Boosted by The Manufacturers Life Insurance Company

They now have a $53.00 target price on the solar cell manufacturer's stock.

A number of brokerages have commented on FSLR. Cowen and Company set a $40.00 target price on First Solar and gave the stock a buy rating in a report on Monday, July 10th. ValuEngine raised shares of First Solar from a "hold" rating to a "buy" rating in a research note on Friday, August 11th. Deutsche Bank AG upgraded First Solar from a "hold" rating to a "buy" rating and lifted their target price for the stock from $50.00 to $65.00 in a research note on Friday, September 15th. The company has a consensus rating of "Hold" and a consensus price target of $46.29.

First Solar (FSLR) traded up 5.03% on Wednesday, reaching $60.57. The company's market cap is $5 Billion. The stock has a 50-day moving average price of $38.49 and a 200-day moving average price of $43.97. First Solar has a 52-week low of $25.56 and a 52-week high of $61.47. (NASDAQ:FSLR) has alerted everyone to look out for right opportunity to invest. The solar cell manufacturer reported $1.95 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $1.11. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%.

For the Current Quarter, the growth estimate for First Solar, Inc.is -115.3%, while for the Next Quarter the stock growth estimate is -84%. For the past 5 years, the company's revenue has grown 21.7%, while the company's earnings per share has grown -8.2%. The business's revenue was up 59.5% compared to the same quarter previous year.

WINTON GROUP Ltd trimmed its position in First Solar, Inc.

Firsthand Capital Management Inc. held its position in First Solar Inc. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints. If you are reading this piece on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright law.

In other First Solar news, CFO Alexander R. Bradley sold 566 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. However, the institutional investors are observed to own 56.20% of the total shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 2770 shares in FSLR to bring its total stake to 2770.

ATR value of the company was 2.43 and Relative Strength Index (RSI) was 80.92. Following the sale, the chief operating officer now owns 23,646 shares in the company, valued at approximately $1,175,915.58. The disclosure for this sale can be found here.

The company last reported its quarterly results on Oct 26 AMC. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. First Solar, Inc.'s institutional ownership is 56.2%, while its institutional transactions stand at 1.11%. However, 31.71% over the last one month, 21.71% for the last quarter and year to date performance stands at 88.31%. Guinness Asset Management Ltd now owns 3,700 shares of the solar cell manufacturer's stock valued at $179,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP grew its position in First Solar by 6.1% during the 1st quarter. Intellectus Partners LLC now owns 17,450 shares of the solar cell manufacturer's stock worth $696,000 after buying an additional 200 shares in the last quarter. Amalgamated Bank now owns 12,030 shares of the solar cell manufacturer's stock worth $326,000 after purchasing an additional 225 shares during the last quarter. Fiduciary Trust Co. acquired a new position in First Solar during the second quarter worth $128,000.

The company now has an insider ownership of 0.4 Percent and Institutional ownership of 56.2 Percent.



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