First Solar (NASDAQ:FSLR) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: October 7, 2016
Goldman Sachs has downgraded First Solar (NASDAQ:FSLR) from Buy to Neutral in a statement released on 10/7/2016.
Having a price of $39.75, First Solar (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 two hundred day average of $48.42. Trade Volume was down over the average, with 2,080,607 shares of FSLR changing hands under the typical 3,337,250
Recent Performance Chart
First Solar has PE ratio of 5.85 with a one year low of $33.74 and a one year high of $74.29 and has a market capitalization of $0.
A total of 18 brokerages have issued a ratings update on First Solar. Six brokerages rating the company a strong buy, six brokerages rating the company a buy, ten brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $70.45.
General Company Details For 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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