First Solar (FSLR) : Analyst Rating Update

First Solar (FSLR) : The consensus on First Solar (FSLR) based on 18 analyst recommendation on the company stock is 1.89, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

First Solar (FSLR) : Currently there are 14 street experts covering First Solar (FSLR) stock. The most bullish and bearish price target for the stock is $89 and $51 respectively for the short term. The average price target of all the analysts comes to $72.14. The estimated standard deviation from the target is $9.36.

First Solar (NASDAQ:FSLR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.69 and $47.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.13, notching a gain of 2.85% for the day. The total traded volume was 3,521,424 . The stock had closed at $47.77 on the previous day.

Also, Wells Fargo initiates coverage on First Solar (NASDAQ:FSLR) The current rating of the shares is Market Perform. The rating by the firm was issued on June 2, 2016. The company shares have rallied 10.40% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $74.29 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $48.74 and the 200 Day Moving Average price is recorded at $60.18.

First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design, manufacture and sale of solar modules, which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential, commercial and industrial applications, including solar power system project developers, system integrators and solar plant operators, throughout the Americas, Asia, Australia, the Middle East and Africa.

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