First Solar ( NASDAQ:FSLR ) receives a “Neutral” rating from Mizuho.

Mizuho again issued a neutral recommendation for the company’s shares First Solar Energy (NASDAQ:FSLR – Free Report) Marketbeat.com reports in a report published on Thursday. They currently have a price target on the solar cell maker’s stock of $274.00, up from the previous price target of $209.00.

Several other equity research analysts also commented on FSLR. Jefferies Financial Group raised their target price on First Solar from $209.50 to $211.00 and gave the stock a “buy” in a report on Thursday, May 2. DZ Bank downgraded First Solar from buy to hold and set a price target for the company at $270.00. in Wednesday’s report. Morgan Stanley increased their price target on First Solar from $245.00 to $248.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Royal Bank of Canada maintained an “outperform” rating and issued a price target of $195.00 for shares of First Solar on Wednesday, February 28th. Finally, Piper Sandler increased their price target on First Solar from $195.00 to $219.00 and gave the stock an outperform rating in a report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and twenty-one analysts have rated the stock with a buy rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $247.56, according to MarketBeat data.

Get our latest analysis on FSLR

First solar trade declines 0.5%

NASDAQ FSLR stock opened Thursday at $276.78. The company’s stock has a market value of $29.63 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 0.37, and a beta of 1.37. The company has a 50-day simple moving average of $192.56 and a 200-day simple moving average of $168.27. First Solar has a 52-week low of $129.21 and a 52-week high of $286.60. The company has a debt to equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.41.

First Solar ( NASDAQ:FSLR – Get Free Report ) last announced its quarterly earnings results on Wednesday, May 1st. The solar cell maker reported $2.20 per share for the quarter, topping the consensus estimate of $1.90 by $0.30. The company had revenue of $794.10 million for the quarter, compared to analyst expectations of $718.19 million. First Solar had a return on equity of 16.24% and a net margin of 28.75%. The company’s quarterly revenue increased by 44.8% compared to the same quarter last year. During the same quarter last year, the company saw an EPS of $0.40. On average, analysts expect First Solar to post 13.56 earnings per share for the current fiscal year.

Insider activity at First Solar

In other First Solar news, whistleblower Kuntal Kumar Verma sold 250 shares of the company’s stock in a transaction on Monday, March 18. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now directly owns 5,170 shares of the company’s stock valued at $766,917.80. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other First Solar news, whistleblower Kuntal Kumar Verma sold 250 shares of the company’s stock in a transaction on Monday, March 18. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now directly owns 5,170 shares of the company’s stock valued at $766,917.80. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Additionally, on Wednesday, May 22, Director Richard D. Chapman sold 7,264 shares of the company’s stock. The shares were sold at an average price of $248.95 for a total value of $1,808,372.80. Following the completion of the sale, the director now owns 10,440 shares of the company’s stock valued at $2,599,038. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 49,955 shares of company stock worth $9,380,832. 0.58% of the shares belong to corporate insiders.

First Solar Institutional Trading

Large investors have recently made changes to their position in the industry. Dixon Mitchell Investment Counsel Inc. purchased $25,000 worth of new shares of First Solar stock during the first quarter. University of Texas at Texas AM Investment Management Co. purchased a new stake in shares of First Solar during the fourth quarter worth $27,000. Estabrook Capital Management purchased a new stake in shares of First Solar during the third quarter valued at $29,000. Baystate Wealth Management LLC acquired a new stake in shares of First Solar during the 4th quarter valued at $29,000. Finally, Headinvest LLC bought a new stake in shares of First Solar during the 3rd quarter valued at $30,000. Institutional investors hold 92.08% of the company’s shares.

The first solar company profile

(Get the free report)

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile and around the world. The company produces and sells photovoltaic modules using thin-film semiconductor technology, which is a low-emission alternative to conventional crystalline silicon photovoltaic modules.

read more

Get news and ratings for First Solar Daily – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for First Solar and related companies with MarketBeat.com’s FREE daily email newsletter.