First Solar (FSLR) Receives ‘Analyst’ Rating

First Solar (FSLR) : Zacks Investment Research ranks First Solar (FSLR) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.18, which indicates as a Buy.

First Solar (FSLR) : The most positive equity analysts on First Solar (FSLR) expects the shares to touch $68, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $56.4 with an expected fluctuation of $7.85 from the mean.


Also, JMP Securities initiates coverage on First Solar (NASDAQ:FSLR) In a research note issued to the investors, the brokerage major announces price-target of $32 per share.The shares have been rated Market Underperform. The rating by the firm was issued on September 8, 2016.

First Solar (NASDAQ:FSLR): After opening at $35, the stock dipped to an intraday low of $34.5 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.4 and the buying power remained strong till the end. The stock closed at $35.35 for the day, a gain of 0.91% for the day session. The total traded volume was 4,553,430. The stocks close on the previous trading day was $35.03.

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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