A-R-T- Advisors Llc sold 62,199 shares as the company’s stock rose 2.62% with the market. He reduced the price target from $70 to $55, which implies that the stock still has potential of 25.80% upside over Thursday’s last close of $43.72.
Advertisement
First Solar, as of current trade, has shown weekly downbeat performance of 1.69 percent which was maintained at -1.51 percent in 1-month period.
The company generally expects revenue within the $3.8-billion-to-$4-billion range. The stock opened at $47.53 and $47.52 proved to be the low of the day. Analysts had expected First Solar, Inc.
Back on 8/4/2015 the company’s estimated EPS value was $0.07 and it reported $0.52 earnings per share (EPS) for the quarter ended on 6/2015.
The Company stated second quarter earnings per share of $0.13, contrast to $1.66 in the prior quarter. While revenue estimates for the current year is 3.86B, setting the highest revenues estimates of 4.21B and indicating lowest revenues at 3.5B according to agreement of 20 number of analysts. The business’s revenue for the quarter was up 4.2% compared to the same quarter past year.
Here’s a graph that looks at First Solar’s quarterly revenues over the last five years.
08/20/2014 – Real Goods Solar, Inc. had its “buy” rating reiterated by analysts at Canaccord Genuity. Guinness Asset Management Ltd boosted its stake in First Solar by 60.9% in the second quarter. Boston Partners purchased a new stake in First Solar during the fourth quarter worth $2,419,000. First Solar makes up approx 0.03% of Aviance Capital Management’s portfolio.Winslow Evans Crocker boosted its stake in FSLR in the latest quarter, The investment management firm added 128 additional shares and now holds a total of 488 shares of First Solar which is valued at $23,483.
What: Shares of solar manufacturer First Solar, Inc.
Other analysts also recently issued reports about the stock. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $86.00 price objective on shares of First Solar in a research note on Sunday, April 10th. First Solar now has an average rating of “Hold” and a consensus target price of $64.70. What is so interesting here is that First Solar’s report was not all bad. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $89, however, the pessimist price target for the company is $44.
First Solar, Inc.is a provider of photovoltaic solar energy solutions.
Advertisement
Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017. The company’s spokesman attributed the performance to an increase in sales, revenue gained from various project systems and the Kingbird project.
