November 29, 2016 - By Ellis Scott · 0 Comments
First Solar Inc (NASDAQ:FSLR) institutional sentiment decreased to 0.77 in Q2 2016. Its down -0.38, from 1.15 in 2016Q1. The ratio has dropped, as 203 active investment managers opened new and increased stock positions, while 177 sold and decreased their holdings in First Solar Inc. The active investment managers in our partner’s database now have: 57.19 million shares, down from 62.50 million shares in 2016Q1. Also, the number of active investment managers holding First Solar Inc in their top 10 stock positions decreased from 8 to 3 for a decrease of 5. Sold All: 73 Reduced: 104 Increased: 155 New Position: 48.
First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has a market cap of $3.18 billion. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. It has a 6.15 P/E ratio. The Firm operates through two divisions: components and systems.
About 2.28M shares traded hands. First Solar, Inc. (NASDAQ:FSLR) has declined 49.20% since April 26, 2016 and is downtrending. It has underperformed by 54.46% the S&P500.
Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on February, 28. They expect $0.98 earnings per share, down 38.75% or $0.62 from last year’s $1.6 per share. FSLR’s profit will be $103.60M for 7.67 P/E if the $0.98 EPS becomes a reality. After $1.22 actual earnings per share reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -19.67% negative EPS growth.
According to Zacks Investment Research, “FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.”
Domini Social Investments Llc holds 11.31% of its portfolio in First Solar, Inc. for 5,442 shares. Zevin Asset Management Llc owns 187,966 shares or 2.53% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 2.33% invested in the company for 85,286 shares. The Wisconsin-based Jacobson & Schmitt Advisors Llc has invested 2.01% in the stock. Baldwin Brothers Inc Ma, a Massachusetts-based fund reported 188,564 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 insider sales for $27.18 million net activity.
Ratings analysis reveals 30% of First Solar Inc.’s analysts are positive. Out of 23 Wall Street analysts rating First Solar Inc., 7 give it “Buy”, 3 “Sell” rating, while 13 recommend “Hold”. The lowest target is $4.49 while the high is $100.0. The stock’s average target of $54.58 is 81.45% above today’s ($30.08) share price. FSLR was included in 47 notes of analysts from August 5, 2015. Barclays Capital initiated First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, September 1. Barclays Capital has “Overweight” rating and $71 price target. The firm has “Market Perform” rating by Wells Fargo given on Thursday, June 2. As per Thursday, November 3, the company rating was downgraded by TH Capital. The company was downgraded on Friday, October 7 by Goldman Sachs. As per Wednesday, May 18, the company rating was maintained by Argus Research. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Sell” rating given on Friday, November 18 by UBS. The company was upgraded on Wednesday, August 5 by Cowen & Co. As per Thursday, November 3, the company rating was downgraded by Janney Capital. The firm has “Perform” rating given on Thursday, November 3 by Oppenheimer. The firm has “Mkt Underperform” rating by JMP Securities given on Thursday, September 8.
First Solar, Inc., incorporated on May 15, 2003, is a well-known provider of photovoltaic (PV) solar energy solutions. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Firm operates through two divisions: components and systems. The Company’s components segment designs, makes and sells solar modules, which convert sunlight into electricity. The Company’s systems segment provides PV solar power systems or solar solutions for systems, which use the Company’s solar modules. The Firm provides activities and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Firm has approximately 30 manufacturing lines around the world and over 2.8 gigawatts (GW) of annual manufacturing capacity with lines having a production capability of approximately 2,500 modules per day, totaling approximately 71,600 modules each day across over 30 lines.
More important recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Cnbc.com which released: “First Solar is taking some bitter medicine. Here’s why it could work” on November 17, 2016, also Cnbc.com published article titled: “First Solar plummets after news of global surplus of panels”, Forbes.com published: “First Solar Slashes Revenue Expectations By $1B As Demand For Solar In China Slows” on November 04, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) was released by: Seekingalpha.com and their article: “First Solar: Don’t Rule Out A Turnaround” with publication date: November 15, 2016.
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By Ellis Scott