First Solar, Inc. (NASDAQ:FSLR) Receives $276.29 Consensus Price Target from Brokerages

Shares of First Solar, Inc. (NASDAQ:FSLR) have received an average rating of “Buy” from the twenty-seven ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $276.29.

Several analysts recently weighed in on the stock. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Tuesday, October 29th. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Mizuho decreased their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Bank of America cut their price objective on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Citigroup upgraded First Solar from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $254.00 in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On First Solar

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSLR. Gilman Hill Asset Management LLC lifted its holdings in shares of First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after buying an additional 50 shares during the period. Covestor Ltd boosted its position in First Solar by 6.4% in the third quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after purchasing an additional 55 shares during the last quarter. Field & Main Bank lifted its stake in shares of First Solar by 4.1% in the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after purchasing an additional 55 shares during the period. Clear Harbor Asset Management LLC grew its position in First Solar by 0.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock valued at $1,623,000 after buying an additional 55 shares during the period. Finally, Demars Financial Group LLC increased its holdings in First Solar by 1.4% during the third quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock valued at $1,030,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 0.4 %

Shares of NASDAQ:FSLR opened at $168.34 on Friday. The company has a market cap of $18.02 billion, a PE ratio of 14.50, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar has a 1 year low of $141.70 and a 1 year high of $306.77. The stock’s 50-day moving average is $184.14 and its 200 day moving average is $204.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.