Breaking: Cowen & Co. Reconfirms $60.0 Target Price per Share On First Solar (NASDAQ:FSLR) Shares, Reconfirms Their Original Buy Rating

January 16, 2018 - By Vivian Park

 Breaking: Cowen & Co. Reconfirms $60.0 Target Price per Share On First Solar (NASDAQ:FSLR) Shares, Reconfirms Their Original Buy Rating

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.40, from 1.56 in 2017Q2. It dropped, as 48 investors sold First Solar, Inc. shares while 83 reduced holdings. 61 funds opened positions while 91 raised stakes. 51.15 million shares or 30.07% less from 73.13 million shares in 2017Q2 were reported.

Zevin Asset Management Ltd Limited Liability Company has invested 0.28% in First Solar, Inc. (NASDAQ:FSLR). Pub Employees Retirement Systems Of Ohio accumulated 35,198 shares or 0.01% of the stock. 12,200 were accumulated by Winfield. Great West Life Assurance Co Can invested in 49,046 shares or 0.01% of the stock. Huntington National Bank & Trust invested 0% in First Solar, Inc. (NASDAQ:FSLR). Ontario Teachers Pension Plan Board invested 0.01% in First Solar, Inc. (NASDAQ:FSLR). Thompson Siegel Walmsley Limited Liability Corporation owns 993,607 shares for 0.55% of their portfolio. Wellington Mgmt Grp Llp accumulated 3.02 million shares or 0.03% of the stock. D E Shaw & Company has 378,561 shares. Schwab Charles Invest accumulated 292,393 shares. Amundi Pioneer Asset Mngmt has 933,238 shares. Cornerstone Cap Mngmt Hldg Limited Liability Corp has invested 0.13% in First Solar, Inc. (NASDAQ:FSLR). Perigon Wealth Mngmt Lc holds 0% in First Solar, Inc. (NASDAQ:FSLR) or 32 shares. Shelton Cap reported 0.12% stake. Profund Advsr Ltd Liability Com reported 0.02% of its portfolio in First Solar, Inc. (NASDAQ:FSLR).

Since July 31, 2017, it had 0 buys, and 8 selling transactions for $6.48 million activity. Schumaker Bryan Robert also sold $16,155 worth of First Solar, Inc. (NASDAQ:FSLR) shares. DeJong Philip had sold 15,304 shares worth $1.04M. Bradley Alexander R. had sold 566 shares worth $27,542 on Saturday, August 5. 23,696 shares were sold by KALETA PAUL J, worth $1.18 million. Shares for $2.10 million were sold by Widmar Mark R.

First Solar (NASDAQ:FSLR) Rating Reaffirmed

Cowen & Co. now has a $60.0 target price on shares of First Solar (NASDAQ:FSLR). The target price gives a potential downside of -15.85 % from the current stock price of First Solar (NASDAQ:FSLR). This rating was revealed to clients and investors in a research report on 27 October.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.40, from 1.56 in 2017Q2. It dropped, as 48 investors sold First Solar, Inc. shares while 83 reduced holdings. 61 funds opened positions while 91 raised stakes. 51.15 million shares or 30.07% less from 73.13 million shares in 2017Q2 were reported.

Zevin Asset Management Ltd Limited Liability Company has invested 0.28% in First Solar, Inc. (NASDAQ:FSLR). Pub Employees Retirement Systems Of Ohio accumulated 35,198 shares or 0.01% of the stock. 12,200 were accumulated by Winfield. Great West Life Assurance Co Can invested in 49,046 shares or 0.01% of the stock. Huntington National Bank & Trust invested 0% in First Solar, Inc. (NASDAQ:FSLR). Ontario Teachers Pension Plan Board invested 0.01% in First Solar, Inc. (NASDAQ:FSLR). Thompson Siegel Walmsley Limited Liability Corporation owns 993,607 shares for 0.55% of their portfolio. Wellington Mgmt Grp Llp accumulated 3.02 million shares or 0.03% of the stock. D E Shaw & Company has 378,561 shares. Schwab Charles Invest accumulated 292,393 shares. Amundi Pioneer Asset Mngmt has 933,238 shares. Cornerstone Cap Mngmt Hldg Limited Liability Corp has invested 0.13% in First Solar, Inc. (NASDAQ:FSLR). Perigon Wealth Mngmt Lc holds 0% in First Solar, Inc. (NASDAQ:FSLR) or 32 shares. Shelton Cap reported 0.12% stake. Profund Advsr Ltd Liability Com reported 0.02% of its portfolio in First Solar, Inc. (NASDAQ:FSLR).

Since July 31, 2017, it had 0 buys, and 8 selling transactions for $6.48 million activity. Schumaker Bryan Robert also sold $16,155 worth of First Solar, Inc. (NASDAQ:FSLR) shares. DeJong Philip had sold 15,304 shares worth $1.04M. Bradley Alexander R. had sold 566 shares worth $27,542 on Saturday, August 5. 23,696 shares were sold by KALETA PAUL J, worth $1.18 million. Shares for $2.10 million were sold by Widmar Mark R.

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

Among 29 analysts covering First Solar Inc. (NASDAQ:FSLR), 12 have Buy rating, 4 Sell and 13 Hold. Therefore 41% are positive. First Solar Inc. has $100.0 highest and $4.49 lowest target. $55.57’s average target is -22.06% below currents $71.3 stock price. First Solar Inc. had 75 analyst reports since August 5, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Wednesday, December 6 report. The firm earned “Buy” rating on Wednesday, August 5 by Needham. Robert W. Baird maintained First Solar, Inc. (NASDAQ:FSLR) on Friday, September 1 with “Hold” rating. On Tuesday, January 24 the stock rating was downgraded by JMP Securities to “Mkt Underperform”. The company was downgraded on Thursday, December 10 by Needham. Goldman Sachs maintained the shares of FSLR in report on Tuesday, August 16 with “Buy” rating. The firm earned “Buy” rating on Friday, April 29 by Standpoint Research. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 10 report. The rating was maintained by Oppenheimer on Tuesday, July 18 with “Hold”. The firm has “Outperform” rating given on Thursday, December 10 by Oppenheimer.

The stock decreased 2.87% or $2.11 during the last trading session, reaching $71.3. About 1.75 million shares traded. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since January 16, 2017 and is downtrending. It has underperformed by 39.53% the S&P500.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on February, 20. They expect $-0.33 EPS, down 126.61 % or $1.57 from last year’s $1.24 per share. After $1.95 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -116.92 % negative EPS growth.

First Solar, Inc. provides solar energy solutions in the United States and internationally. The company has market cap of $7.45 billion. It operates through two divisions, Components and Systems. It currently has negative earnings. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Investorplace.com which released: “Trade of the Day: First Solar, Inc. Scores the Long-Awaited Breakout” on January 12, 2018, also Seekingalpha.com with their article: “First Solar: Overblown Runup As Series 6 And Tariff Questions Remain” published on December 26, 2017, Nasdaq.com published: “Can First Solar (FSLR) Maintain Its Stellar Show in 2018?” on December 27, 2017. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Seekingalpha.com and their article: “First Solar’s Thin-Film Competition” published on December 22, 2017 as well as Fool.com‘s news article titled: “Why Delta Air Lines, Community Health Systems, and First Solar Jumped Today” with publication date: January 11, 2018.

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