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ValuEngine downgraded First Solar, Inc. (NASDAQ:FSLR) to Hold in a report released today.

Yesterday First Solar, Inc. (NASDAQ:FSLR) traded 0.19% higher at $38.33. The company’s 50-day moving average is $47.65 and its 200-day moving average is $41.05. The last closing price is down 16.26% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 1,396,640 shares of the stock were exchanged, down from an average trading volume of 2,056,410

ValuEngine has downgraded First Solar, Inc. (NASDAQ:FSLR) to Hold in a report released on 6/02/2017.

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First Solar, Inc. (NASDAQ:FSLR)

First Solar, Inc. has a 52 week low of $25.56 and a 52 week high of $53.00 The company’s market cap is currently $0.

In addition to ValuEngine reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $70.45 with 6 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers 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 a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016.

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