Vetr Inc. disclosed First Solar, Inc. (NASDAQ:FSLR), hiking its price target to $42.68 earlier today
- Updated: October 12, 2016
Stating a potential upside of 0.12%, Vetr Inc. increased the stock price target of First Solar, Inc. (NASDAQ:FSLR) to $42.68
On 10/10/2016, Piper Jaffray released a statement on First Solar, Inc. (NASDAQ:FSLR) upped the target price from $0.00 to $43.00 that suggested an upside of 0.14%.
Boasting a price of $38.24, First Solar, Inc. (NASDAQ:FSLR) traded -0.10% lower on the day. With the last close down -19.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $37.49 and a 200-day moving average of $47.46. 1,349,517 shares of the stock traded hands, down from an average trading volume of 3,166,340
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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 5.63 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target 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 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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