First Solar (NASDAQ:FSLR) Earning Somewhat Favorable Press Coverage, Accern Reports

Press coverage about First Solar (NASDAQ:FSLR) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Solar earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the solar cell manufacturer an impact score of 45.5626428479536 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

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A number of research firms have recently commented on FSLR. Vetr lowered First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 price objective on the stock. in a research note on Thursday, January 11th. Bank of America upgraded First Solar from a “neutral” rating to a “buy” rating in a research note on Wednesday. Guggenheim restated a “neutral” rating on shares of First Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on First Solar from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, April 16th. Finally, Vertical Group initiated coverage on First Solar in a research note on Thursday, January 11th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.15.

NASDAQ FSLR traded down $1.45 during trading on Friday, reaching $75.51. 1,463,324 shares of the company traded hands, compared to its average volume of 1,242,630. The company has a market capitalization of $7,910.13, a price-to-earnings ratio of 29.15, a PEG ratio of 3.56 and a beta of 1.96. The company has a current ratio of 5.89, a quick ratio of 5.63 and a debt-to-equity ratio of 0.07. First Solar has a 1-year low of $26.68 and a 1-year high of $78.95.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.06. The business had revenue of $339.00 million for the quarter, compared to the consensus estimate of $459.93 million. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. First Solar’s revenue was down 29.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. analysts predict that First Solar will post 1.7 earnings per share for the current year.

In other news, CEO Mark R. Widmar sold 20,574 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $63.90, for a total value of $1,314,678.60. Following the transaction, the chief executive officer now directly owns 78,634 shares of the company’s stock, valued at approximately $5,024,712.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George A. Hambro bought 3,000 shares of First Solar stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $62.66 per share, for a total transaction of $187,980.00. Following the completion of the acquisition, the director now directly owns 21,934 shares in the company, valued at $1,374,384.44. The disclosure for this purchase can be found here. Insiders sold a total of 32,113 shares of company stock worth $2,128,233 over the last three months. 0.54% of the stock is owned by company insiders.

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About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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