Hot Stock for Investors: First Solar, Inc. (FSLR)


The original version of this report can be viewed at It dived, as 84 investors sold HD shares while 664 reduced holdings. BlackRock Inc. now owns 6,922,544 shares of the solar cell manufacturer's stock valued at $187,601,000 after buying an additional 6,836,843 shares in the last quarter. Norges Bank bought a new stake in First Solar during the fourth quarter valued at $3,470,000. Out of the analyst recommendations 1 rate Canadian Solar Inc (NASDAQ:CSIQ) stock a Buy, 1 rate the stock Outperform, 7 rate Hold, 1 rate Underperform and 1 recommend a Sell. Finally, Laurel Grove Capital LLC boosted its position in shares of First Solar by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,600 shares of the solar cell manufacturer's stock worth $104,000 after buying an additional 950 shares in the last quarter. Finally, Creative Planning increased its position in shares of First Solar by 56.9% in the first quarter. State Treasurer State of MI now owns 754,373 shares of the solar cell manufacturer's stock valued at $30,084,000 after buying an additional 375,500 shares during the last quarter. Trust Co. of Vermont now owns 5,477 shares of the solar cell manufacturer's stock valued at $149,000 after buying an additional 1,190 shares during the period.

A number of other institutional investors also recently added to or reduced their stakes in FSLR.

Stock market analysts watching Canadian Solar Inc. (NASDAQ FSLR) traded down 2.05% on Wednesday, hitting $48.63.

The company's share price is down -1.13% from previous highs of around $50.21 per share on August 01, 2017.

This company has been competing with others in the Technology space and offers its own combination of interesting factors First Solar, Inc. The 50 day SMA of the stock is of $40.97 along with a 200 - day SMA of $34.80. Bank of Montreal Can increased its position in First Solar by 13.9% in the first quarter. The solar cell manufacturer reported $0.64 EPS for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. First Solar's quarterly revenue was down 38.7% on a year-over-year basis. During the same period past year, the firm earned $0.87 earnings per share. Inc. increased its position in First Solar by 2.8% in the first quarter. Voya Invest Ltd Com stated it has 0% in First Solar, Inc. (NASDAQ:FSLR). Exxonmobil Inv Mgmt Inc Tx holds 0.01% or 18,039 shares in its portfolio. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The stock of Canadian Solar Inc.

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A number of brokerages have recently commented on FSLR. Vetr raised First Solar from a "sell" rating to a "hold" rating and set a $48.61 target price on the stock in a research report on Wednesday. Standpoint Research maintained it with "Buy" rating and $72 target in Friday, October 30 report. First Solar has a consensus rating of "Hold" and an average target price of $44.83.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, July 27th. A 8 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of FSLR or, if they already own its stock, sell it. They now have a Dollars 57 price target on the stock.

In other news, CEO Mark R. Widmar sold 43,189 shares of the stock in a transaction that occurred on Monday, July 31st. Key Group Holdings Cayman Ltd sold 672,984 shares as the company's stock rose 4.31% with the market. Following the completion of the sale, the insider now owns 11,474 shares of the company's stock, valued at approximately $571,749.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bryan Robert Schumaker sold 2,747 shares of the stock in a transaction on Wednesday, May 3rd. A total of 1.01 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.36 Million shares, while its relative volume stands at 0.74. The disclosure for this purchase can be found here. 2785120 shares were traded on First Solar, Inc.'s last session. Blackrock Inv Mngmt Lc invested in 167,108 shares or 0.01% of the stock.

First Solar, a provider of photovoltaic solar energy solutions. The module segment primarily involves the design, development, manufacturing and sale of a range of solar power products, including standard solar modules and specialty solar products, and solar system kits.