A statement released earlier today by Vetr Inc. about First Solar, Inc. (NASDAQ:FSLR) bumps the target price to $43.85
- Updated: October 6, 2016
Vetr Inc. bumped up the target of First Solar, Inc. (NASDAQ:FSLR) to $43.85 stating a potential upside of 0.10%.
Boasting a price of $39.75, First Solar, Inc. (NASDAQ:FSLR) traded 0.03% higher on the day. With the last stock price down -17.91% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FSLR has recorded a 50-day average of $37.34 and a 200-day moving average of $48.42. 2,080,607 shares of the stock were exchanged, down from an average trading volume of 3,337,250
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First Solar, Inc. has a 52 week low of $33.74 and a 52 week high of $74.29 with a P/E ratio of 5.85 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 18 firms have issued a report on the stock. The consensus target price is $70.45 with 6 firms rating the stock a strong buy, 6 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About First Solar, Inc. (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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