First Solar (NASDAQ:FSLR) Rating Reiterated by Roth Mkm

First Solar (NASDAQ:FSLR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a note issued to investors on Thursday, Benzinga reports. They currently have a $230.00 price target on the solar cell manufacturer’s stock. Roth Mkm’s target price indicates a potential upside of 29.18% from the stock’s current price.

FSLR has been the subject of a number of other research reports. Janney Montgomery Scott began coverage on First Solar in a research report on Friday, April 12th. They issued a “buy” rating and a $236.00 price target for the company. Bank of America boosted their price target on First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $269.00 price target on shares of First Solar in a research report on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $258.00 price target on shares of First Solar in a research report on Friday, April 5th. Finally, DZ Bank initiated coverage on First Solar in a research report on Wednesday. They issued a “buy” rating and a $205.00 price target for the company. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $227.04.

First Solar Stock Up 0.0 %

Shares of FSLR stock traded up $0.03 on Thursday, reaching $178.04. 367,911 shares of the company’s stock traded hands, compared to its average volume of 2,060,155. First Solar has a 12-month low of $129.21 and a 12-month high of $232.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.55. The company has a market capitalization of $19.06 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The business’s 50 day moving average price is $160.24 and its two-hundred day moving average price is $155.92.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that First Solar will post 13.55 earnings per share for the current year.

Insider Activity

In other news, insider Georges Antoun sold 16,667 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $155.55, for a total value of $2,592,551.85. Following the sale, the insider now directly owns 42,041 shares in the company, valued at approximately $6,539,477.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Kuntal Kumar Verma sold 250 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now directly owns 5,170 shares in the company, valued at approximately $766,917.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Georges Antoun sold 16,667 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $155.55, for a total value of $2,592,551.85. Following the sale, the insider now owns 42,041 shares in the company, valued at $6,539,477.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,620 shares of company stock worth $4,269,540. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On First Solar

A number of large investors have recently bought and sold shares of the business. Mirador Capital Partners LP bought a new stake in First Solar during the 1st quarter worth approximately $310,000. SteelPeak Wealth LLC grew its position in First Solar by 108.7% during the 1st quarter. SteelPeak Wealth LLC now owns 8,753 shares of the solar cell manufacturer’s stock worth $1,478,000 after acquiring an additional 4,559 shares during the last quarter. Atticus Wealth Management LLC grew its position in First Solar by 15.6% during the 1st quarter. Atticus Wealth Management LLC now owns 534 shares of the solar cell manufacturer’s stock worth $90,000 after acquiring an additional 72 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in First Solar during the 1st quarter worth approximately $759,000. Finally, Viking Fund Management LLC bought a new stake in First Solar during the 1st quarter worth approximately $760,000. 92.08% of the stock is currently owned by institutional investors.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.