The institutional investor owned 511,018 shares of the solar cell manufacturer's stock after selling 1,168,268 shares during the period. Vetr upgraded shares of First Solar from a buy rating to a strong-buy rating and set a $54.35 price objective for the company in a research note on Wednesday, October 25th. Goldman Sachs Group reiterated a neutral rating and set a $65.00 price target (up previously from $50.00) on shares of First Solar in a report on Thursday, November 30th. Bank of America reaffirmed a buy rating and issued a $64.00 price target on shares of First Solar in a research report on Tuesday, August 29th. First Solar has a consensus rating of Buy and an average price target of $53.91.
Roth Capital set a $70.00 target price on First Solar (NASDAQ:FSLR) in a report issued on Friday morning. First Solar has a twelve month low of $25.56 and a twelve month high of $63.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. The stock has a market capitalization of $6,297.31, a PE ratio of 14.78 and a beta of 2.03.
Baker Mayfield and Lamar Jackson among Heisman finalists
Mayfield broke his own 2016 record this season, setting a Football Bowl Subdivision record for passing efficiency, SI reported . He now leads the nation in passing efficiency rating, completion percentage, yards per pass and multiple other categories.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.84 by $1.11.
First Solar is expecting a net cash balance of $1.6-$1.8 billion by the end of 2018. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $859.22 million. During the same quarter in the previous year, the company posted $1.22 earnings per share.
LaVar Ball pulls Lonzo Ball's brother LiAngelo Ball from UCLA
After recording one steal and nothing else, LiAngelo Ball is no longer a member of the UCLA basketball program. The White House has not disclosed whether Trump received the shoes.
First Solar is expecting fiscal 2017 sales in the $2.3-2.25 billion range against analyst estimates of $2.38 billion.
Want to see what other hedge funds are holding FSLR? Schroder Investment Management Group boosted its stake in shares of First Solar by 12,600.7% during the 2nd quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer's stock valued at $1,905,000 after purchasing an additional 360 shares in the last quarter. Key Square Capital Management LLC bought a new stake in shares of First Solar during the 3rd quarter worth about $23,621,000. Ecofin Ltd. purchased a new position in First Solar during the second quarter valued at approximately $19,485,000. Alliancebernstein L.P. increased its stake in First Solar by 0.8% during the 2nd quarter. Finally, Pacer Advisors Inc. increased its stake in First Solar by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,545,727 shares of the solar cell manufacturer's stock valued at $261,043,000 after purchasing an additional 243,787 shares in the last quarter.
Camila Cabello announces self-titled debut album will be released in January
It's available for pre-order this Thursday and she'll also be putting out two instant grat tracks: "Never Be the Same" and "Real Friends".
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