A statement released earlier today by Piper Jaffray about First Solar (NASDAQ:FSLR) bumps the target price to $43.00
- Updated: October 10, 2016
Piper Jaffray bumped up the target of First Solar (NASDAQ:FSLR) to $43.00 stating a potential upside of 0.14%.
Boasting a price of $37.58, First Solar (NASDAQ:FSLR) traded 1.81% higher on the day. With the last stock price close down -20.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. First Solar has recorded a 50-day average of $37.43 and a two hundred day average of $48.12. Volume of trade was down over the average, with 584,233 shares of FSLR changing hands under the typical 3,224,150
With a total market value of $0, First Solar has price-earnings ratio of 5.63 with a one year low of $33.74 and a one year high of $74.29 .
A total of 18 equity analysts have released a ratings update on FSLR. Six equity analysts rating the company a strong buy, six equity analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $70.45.
Brief Synopsis About First Solar (NASDAQ:FSLR)
First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Company's components segment designs, manufactures 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 Company provides operations and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Company 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.
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