Economy

Trade of the Day: First Solar, Inc. Scores the Long-Awaited Breakout

First Solar, Inc. (NASDAQ:FSLR) received a Buy rating from 2 analysts.

So you know, I have offered profitable trading ideas on FSLR stock in this column several times over the past eight months as the stock began building a sound base and pushed well higher since May of 2017. Roth Capital restated a "buy" rating and set a $60.00 target price on shares of First Solar in a research report on Tuesday, September 26th.

Media coverage about First Solar (NASDAQ:FSLR) has trended somewhat positive this week, Accern Sentiment reports. (NASDAQ:FSLR) has an average volume of 2.46 Million. The insider now holds 21,787 shares of First Solar, Inc. Of those analysts, 6 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. Deutsche Bank upgraded it to "Buy" rating and $65.0 target in Friday, September 15 report.

The stock decreased 0.54% or $0.38 during the last trading session, reaching $69.64. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.

First Solar, Inc. provides solar energy solutions in the United States and internationally. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth. The Return on Investment and Return on Equity (ROE) values are 6 percent and 14.1 percent, respectively. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $859.22 million. During the same period a year ago, the business earned $1.22 earnings per share. They expect $3.75 EPS, up 11.61% or $0.39 from last year's $3.36 per share. Of those transactions, there were 46,773 shares of FSLR bought and 211,152 shares sold. The SEC filing shows that Garabedian Raffi performed a sale of 11,284 shares. (NASDAQ:FSLR). Huntington Retail Bank holds 0% or 595 shares in its portfolio. Following the completion of the transaction, the chief operating officer now directly owns 10,424 shares of the company's stock, valued at approximately $707,059.92. The disclosure for this sale can be found here. (NASDAQ:FSLR) stock volatility was recorded 3.76% which for the previous full month was noted 3.11%.

A number of hedge funds have recently made changes to their positions in FSLR. About 4.84M shares traded or 103.78% up from the average. Corporate insiders own 0.58% of the company's stock. $2.10M worth of First Solar, Inc. KALETA PAUL J sold $1.18M worth of stock or 23,696 shares. According to today's trading volume First Solar, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Capital World Investors owned about 6.83% of First Solar worth $280,379,000 as of its most recent filing with the SEC.

The most recent open market insider trade was Automatic Sell of 15,304 shares on a day where the closing price was 66.93. Boston Partners now owns 378,011 shares of the solar cell manufacturer's stock valued at $14,928,000 after buying an additional 337,203 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of First Solar by 1.5% during the 3rd quarter. Pioneer Investment Management Inc sold 139,678 shares as the company's stock rose 4.31% with the market. The stock has a market cap of 49.04 Billion.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of worldwide trademark and copyright legislation. The legal version of this report can be read at https://www.thelincolnianonline.com/2018/01/10/first-solar-fslr-cut-to-sell-at-vetr-updated.html. Finally, First Solar, Inc.'s Return on Investment, a measure used to evaluate the efficiency of an investment, calculated by the return of an investment divided by the cost, stands at -10.40%.



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