What’s First Solar, Inc. Upside After Today’s Bullish Options Activity?

 What's First Solar, Inc. Upside After Today's Bullish Options Activity?

In today’s session First Solar, Inc. (FSLR) registered an unusually high (178) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FSLR increase. With 178 contracts traded and 23404 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FSLR170120C00042500 closed last at: $3.1 or 12.3% up. About 934,619 shares traded hands. First Solar, Inc. (NASDAQ:FSLR) has declined 44.48% since March 15, 2016 and is downtrending. It has underperformed by 49.96% the S&P500.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on November, 14. They expect $0.66 EPS, down 80.47% or $2.72 from last year’s $3.38 per share. FSLR’s profit will be $67.33M for 15.04 P/E if the $0.66 EPS becomes a reality. After $0.87 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -24.14% negative EPS growth.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

Out of 20 analysts covering First Solar Inc. (NASDAQ:FSLR), 10 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 50% are positive. First Solar Inc. has been the topic of 38 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was downgraded by Needham. The rating was maintained by JP Morgan with “Buy” on Tuesday, August 4. On Thursday, December 10 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating by Standpoint Research given on Monday, January 18. The firm has “Market Perform” rating given on Thursday, June 2 by Wells Fargo. The stock of First Solar, Inc. (NASDAQ:FSLR) has “Buy” rating given on Wednesday, November 18 by Deutsche Bank. The firm has “Overweight” rating given on Wednesday, August 10 by Barclays Capital. Deutsche Bank maintained First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, April 26. Deutsche Bank has “Buy” rating and $80 price target. Goldman Sachs upgraded First Solar, Inc. (NASDAQ:FSLR) rating on Tuesday, January 5. Goldman Sachs has “Buy” rating and $100.0 price target. The stock has “Overweight” rating given by Barclays Capital on Friday, January 22.

According to Zacks Investment Research, “FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.17, from 0.98 in 2016Q1. The ratio improved, as 73 funds sold all First Solar, Inc. shares owned while 104 reduced positions. 48 funds bought stakes while 155 increased positions. They now own 57.19 million shares or 8.49% less from 62.50 million shares in 2016Q1.
Granite Partners Limited Co has 70,985 shares for 0.27% of their US portfolio. Franklin Resource holds 0.01% or 392,575 shares in its portfolio. Cambiar last reported 0.05% of its portfolio in the stock. Legal General Gp Plc accumulated 0.01% or 291,850 shares. Da Davidson & Company last reported 2,705 shares in the company. Pinebridge Invests Ltd Partnership holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 361 shares. Roumell Asset Ltd Liability accumulated 1.86% or 16,870 shares. Creative Planning last reported 0% of its portfolio in the stock. Parallax Volatility Advisers L P accumulated 21,290 shares or 0% of the stock. The Switzerland-based Gvo Asset Limited has invested 0.22% in First Solar, Inc. (NASDAQ:FSLR). Clean Yield Grp has 17,391 shares for 0.36% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt has 0.01% invested in the company for 25,310 shares. Marathon Capital Mngmt holds 0.68% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 27,355 shares. Rhumbline Advisers has 0.02% invested in the company for 111,359 shares. Nordea Management holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 940 shares.

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 9 sales for $27.90 million net activity. 90,000 shares were sold by Garabedian Raffi, worth $3.98 million on Thursday, August 4. Bradley Alexander R. also sold $24,774 worth of First Solar, Inc. (NASDAQ:FSLR) shares. Widmar Mark R had sold 90,289 shares worth $4.02M. Shares for $1.30M were sold by Bueter Christopher. $5.96M worth of shares were sold by ANTOUN GEORGES on Thursday, August 4. DeJong Philip also sold $2.98 million worth of First Solar, Inc. (NASDAQ:FSLR) on Thursday, August 4. KALETA PAUL J had sold 20,343 shares worth $905,874.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has a market cap of $4.05 billion. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. It has a 5.82 P/E ratio. The Firm operates through two divisions: components and systems.

FSLR Company Profile

First Solar, Inc., incorporated on May 15, 2003, is a well-known provider of photovoltaic (PV) solar energy solutions. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Firm operates through two divisions: components and systems. The Company’s components segment designs, makes 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 Firm provides activities and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Firm 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, totaling approximately 71,600 modules each day across over 30 lines.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Fool.com which released: “Why First Solar, Inc. Is Built to Survive the Solar Storm Ahead” on October 06, 2016, also Profitconfidential.com with their article: “First Solar, Inc.: FSLR Stock Bulls Beware, the Bear is Alive and Well” published on October 12, 2016, Bloomberg.com published: “First Solar Completes Shams Ma’an Power Plant Project in Jordan” on October 09, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Schaeffersresearch.com and their article: “First Solar, Inc. (FSLR) Options Heat Up Amid Analyst-Induced Headwinds” published on October 07, 2016 as well as Bloomberg.com‘s news article titled: “First Solar, SunPower Rise as 8Point3 Yieldco Offers Shares” with publication date: September 23, 2016.

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