What Next for First Solar, Inc. Stock After Today’s Bearish Options Activity?

 What Next for First Solar, Inc. Stock After Today's Bearish Options Activity?

In today’s session First Solar, Inc. (FSLR) recorded an unusually high (530) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious FSLR decrease. With 530 contracts traded and 36374 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: FSLR161118P00035000 closed last at: $0.67 or 13.6% up. About 1.61 million shares traded hands. First Solar, Inc. (NASDAQ:FSLR) has declined 41.29% since March 30, 2016 and is downtrending. It has underperformed by 44.31% 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 $67.30M for 15.34 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. The rating was maintained by Argus Research on Wednesday, May 18 with “Buy”. Needham maintained First Solar, Inc. (NASDAQ:FSLR) rating on Wednesday, August 5. Needham has “Buy” rating and $70 price target. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Buy” rating by Standpoint Research on Friday, January 15. The stock has “Market Perform” rating given by Wells Fargo on Thursday, June 2. The rating was upgraded by TheStreet to “Hold” on Thursday, August 6. Goldman Sachs upgraded the shares of FSLR in a report on Tuesday, January 5 to “Buy” rating. The rating was upgraded by Cowen & Co to “Outperform” on Wednesday, August 5. The firm earned “Hold” rating on Thursday, December 10 by Needham. The rating was initiated by Barclays Capital on Tuesday, September 1 with “Overweight”.

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 Q2 2016. Its up 0.17, from 0.98 in 2016Q1. The ratio increased, 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.
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corporation has 25,310 shares for 0.01% of their US portfolio. Capital Ww Investors holds 0.04% or 2.88 million shares in its portfolio. Jefferies Grp Inc Ltd holds 0.01% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 30,123 shares. Spot Trading Ltd has 0% invested in the company for 3,818 shares. Quentec Asset Management Ltd Liability Co accumulated 1.26% or 209,800 shares. Moreover, Voloridge Ltd Liability Corp has 0.11% invested in First Solar, Inc. (NASDAQ:FSLR) for 77,546 shares. Jupiter Asset Management Ltd last reported 0.32% of its portfolio in the stock. Old Mutual Customised Solutions (Proprietary) Limited has 2,300 shares for 0.03% of their US portfolio. Pinebridge Invs Ltd Partnership has 0% invested in the company for 361 shares. Amica Mutual Ins has 0.02% invested in the company for 5,061 shares. Moreover, Great West Life Assurance Can has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 29,927 shares. Sfe Counsel holds 24,805 shares or 0.56% of its portfolio. Federated Pa holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 33,336 shares. Dubuque Fincl Bank Trust Co has 7,670 shares for 0.07% of their US portfolio. Shelton Capital Mgmt has invested 0.13% of its portfolio in First Solar, Inc. (NASDAQ:FSLR).

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 8 selling transactions for $27.18 million net activity. Another trade for 566 shares valued at $24,774 was made by Bradley Alexander R. on Friday, August 5. 67,251 shares were sold by DeJong Philip, worth $2.98M. 90,289 shares were sold by Widmar Mark R, worth $4.02 million on Thursday, August 4. 20,343 shares were sold by KALETA PAUL J, worth $905,874 on Thursday, August 4. ANTOUN GEORGES also sold $5.96 million worth of First Solar, Inc. (NASDAQ:FSLR) on Thursday, August 4. On Monday, May 2 HUGHES JAMES ALTON sold $714,130 worth of the stock or 12,884 shares. $3.98 million worth of First Solar, Inc. (NASDAQ:FSLR) was sold by Garabedian Raffi.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has a market cap of $4.13 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 5.94 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: “Better Buy: Canadian Solar Inc. vs. First Solar” on October 28, 2016, also Investorplace.com with their article: “The Sun Could Rise for First Solar, Inc. (FSLR) on Earnings” published on October 26, 2016, Streetinsider.com published: “First Solar (FSLR) Enters PPA with MCE for Little Bear Solar Project” on November 01, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Businesswire.com and their article: “First Solar, Inc. To Announce Third Quarter Financial Results on November 2, 2016” published on October 25, 2016 as well as Fool.com‘s news article titled: “Why First Solar, Inc. Is Built to Survive the Solar Storm Ahead” with publication date: October 06, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment