First Solar (FSLR) : The consensus on First Solar (FSLR) based on 17 analyst recommendation on the company stock is 2.06, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
First Solar (FSLR) : The consensus price target for First Solar (FSLR) is $65.69 for the short term with a standard deviation of $11.32. 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.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Deutsche Bank downgrades its rating on First Solar (NASDAQ:FSLR). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Deutsche Bank 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): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.53 and $47.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.24, notching a gain of 3.10% for the day. The total traded volume was 4,396,301 . The stock had closed at $47.76 on the previous day.
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.