Goldman Sachs Group Inc. downgraded First Solar, Inc. (NASDAQ:FSLR) to Neutral in a report released today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has downgraded First Solar, Inc. (NASDAQ:FSLR) to Neutral in a report released on 10/06/2016.
On Friday September 30, 2016, Williams Capital released a statement on First Solar, Inc. (NASDAQ:FSLR) increased the target price from $0.00 to $50.00 that indicated a possible upside of 0.28%.
Yesterday First Solar, Inc. (NASDAQ:FSLR) traded 0.03% higher at $39.75. The company’s 50-day moving average is $37.34 and its 200-day moving average is $48.42. The last stock price is down -17.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 2,080,607 shares of FSLR changing hands under the typical 3,337,250
First Solar, Inc. has a price-earnings ratio of 5.85 with a one year low of $33.74 and a one year high of $74.29 First Solar, Inc.’s market capitalization is presently $0.
A total of 18 analysts have released a research note on FSLR. 6 brokerages rating the company a strong buy, 6 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 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 On 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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