Media stories about First Solar (NASDAQ:FSLR) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Solar earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the solar cell manufacturer an impact score of 46.4670671211258 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Solar Stocks Are Showing Relative Strength On A Weak Day (investing.com)
- Zacks: Brokerages Expect First Solar, Inc. (FSLR) to Announce $0.07 Earnings Per Share (americanbankingnews.com)
- NEXTracker and First Solar Collaborate on Series 6 Mounting Technology for Over 600 MW of New Projects in U.S. (bizjournals.com)
- First Solar (FSLR) Raised to B- at TheStreet (americanbankingnews.com)
- Downer to construct 87 MW Beryl Solar Farm (pv-magazine-australia.com)
Shares of First Solar opened at $72.77 on Thursday, Marketbeat reports. First Solar has a 12-month low of $73.08 and a 12-month high of $74.55. The stock has a market cap of $7.70 billion, a PE ratio of 28.10, a P/E/G ratio of 2.89 and a beta of 1.84. The company has a current ratio of 6.81, a quick ratio of 6.49 and a debt-to-equity ratio of 0.08.
Several research analysts have recently weighed in on FSLR shares. Standpoint Research raised shares of First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 price target on the stock in a report on Wednesday, March 7th. TheStreet raised shares of First Solar from a “c” rating to a “b-” rating in a report on Friday, May 11th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised First Solar from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Zacks Investment Research raised First Solar from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. First Solar presently has an average rating of “Buy” and an average price target of $74.47.
In other news, CEO Mark R. Widmar sold 20,574 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $63.90, for a total transaction of $1,314,678.60. Following the completion of the sale, the chief executive officer now directly owns 78,634 shares in the company, valued at $5,024,712.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raffi Garabedian sold 3,162 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $69.67, for a total transaction of $220,296.54. Following the sale, the insider now owns 11,126 shares of the company’s stock, valued at $775,148.42. The disclosure for this sale can be found here. Insiders have sold 49,046 shares of company stock worth $3,330,441 over the last ninety days. Insiders own 0.54% of the company’s stock.
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.
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.