First Solar, Inc. Unusual Bullish Options Activity Means Profits for Traders

 First Solar, Inc. Unusual Bullish Options Activity Means Profits for Traders

In today’s session First Solar, Inc. (FSLR) registered an unusually high (1,092) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FSLR increase. With 1,092 contracts traded and 24654 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FSLR161216C00037500 closed last at: $0.72 or 35.7% down. About 603,422 shares traded hands. First Solar, Inc. (NASDAQ:FSLR) has declined 46.71% since April 11, 2016 and is downtrending. It has underperformed by 52.86% 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 $68.28M for 11.94 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 22 analysts covering First Solar Inc. (NASDAQ:FSLR), 8 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 36% are positive. $100.0 is the highest target while $4.49 is the lowest. The $58.50 average target is 85.66% above today’s ($31.51) stock price. First Solar Inc. has been the topic of 42 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the stock with “Outperform” rating in Friday, November 6 report. The firm earned “Buy” rating on Tuesday, August 16 by Goldman Sachs. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Overweight” rating by Barclays Capital on Wednesday, August 10. The stock has “Hold” rating given by Standpoint Research on Thursday, February 25. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Outperform” rating by Cowen & Co on Wednesday, August 5. The firm earned “Buy” rating on Thursday, April 28 by Roth Capital. Standpoint Research maintained it with “Buy” rating and $72 target price in Friday, October 30 report. The firm has “Buy” rating by Standpoint Research given on Monday, January 18. On Thursday, October 1 the stock rating was initiated by Avondale with “Market Perform”. The company was initiated on Monday, October 10 by Piper Jaffray.

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 is positive, 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.
Cornerstone Capital Mgmt Hldgs last reported 16,216 shares in the company. Moreover, Sg Americas Secs Limited Liability Company has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 17,567 shares. Wellington Mgmt Grp Llp owns 6.31 million shares or 0.08% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 19,054 shares or 0.01% of the stock. Ibm Retirement Fund reported 7,643 shares or 0.01% of all its holdings. Smith Graham & Communications Invest Advsrs Ltd Partnership last reported 0.48% of its portfolio in the stock. Robeco Institutional Asset Management Bv has 0.01% invested in the company for 14,709 shares. Rhumbline Advisers has 0.02% invested in the company for 111,359 shares. Price T Rowe Associates Md last reported 0% of its portfolio in the stock. Twin Tree L P reported 5,177 shares or 0% of all its holdings. Credit Suisse Ag, a Switzerland-based fund reported 368,547 shares. Laurel Grove Capital Llc, a California-based fund reported 49,200 shares. Ls Advsr Limited Liability Company accumulated 2,782 shares or 0.01% of the stock. Quentec Asset Management Ltd, a New York-based fund reported 209,800 shares. Hbk Sorce Advisory Lc owns 5,988 shares or 0.06% of their US portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 8 sales for $27.18 million net activity. $24,774 worth of First Solar, Inc. (NASDAQ:FSLR) shares were sold by Bradley Alexander R.. DeJong Philip sold $2.98 million worth of stock. 20,343 shares with value of $905,874 were sold by KALETA PAUL J on Thursday, August 4. 133,761 shares with value of $5.96M were sold by ANTOUN GEORGES on Thursday, August 4. HUGHES JAMES ALTON had sold 180,448 shares worth $8.02M on Thursday, August 4. 90,000 shares were sold by Garabedian Raffi, worth $3.98M on Thursday, August 4. Widmar Mark R also sold $4.02 million worth of First Solar, Inc. (NASDAQ:FSLR) shares.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has a market cap of $3.26 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 6.44 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: Seekingalpha.com which released: “First Solar: Buy The Crash” on November 11, 2016, also Cnbc.com with their article: “First Solar plummets after news of global surplus of panels” published on November 03, 2016, Seekingalpha.com published: “First Solar – The Case For Longs” on November 09, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Forbes.com and their article: “First Solar Slashes Revenue Expectations By $1B As Demand For Solar In China Slows” published on November 04, 2016 as well as Fool.com‘s news article titled: “Better Buy: Canadian Solar Inc. vs. First Solar” with publication date: October 28, 2016.

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