First Solar (FSLR) : 14 investment research analysts covering First Solar (FSLR) have an average price target of $69 for the near short term. The highest target price given by the Brokerage Firm to the stock is $89 and the lowest target is $44 for the short term. Analysts expect the variance to be within $11.96 of the average price.
The short interest in First Solar (FSLR) has increased from 8,483,759 on June 15,2016 to 8,674,367 on June 30,2016. The change was measured at 190,608 shares or 2.3%. The leftover shorts were 11.5% of the floated shares. The days to cover are 5, given the average daily volume of 1,825,165 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Deutsche Bank downgrades the rating on First Solar (NASDAQ:FSLR). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $80 per share to $44 per share. The rating by the firm was issued on July 7, 2016.
First Solar (NASDAQ:FSLR): stock turned positive on Thursday. Though the stock opened at $46.67, the bulls momentum made the stock top out at $47.74 level for the day. The stock recorded a low of $46.56 and closed the trading day at $47.35, in the green by 2.49%. The total traded volume for the day was 1,849,527. The stock had closed at $46.2 in the previous days trading.
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.