Published: Sun, January 14, 2018
Business | By Tara Barton

First Solar (NASDAQ:FSLR) PT Set at $80.00 by Roth Capital

"Pairing Power Electronics equipment with First Solar's scale and proven field expertise results in unmatched service structure in the PV industry".

Commerzbank Aktiengesellschaft, which manages about $7.59B US Long portfolio, upped its stake in Public Storage (NYSE:PSA) by 2,219 shares to 4,029 shares, valued at $862,000 in 2017Q3, according to the filing. Boston Partners boosted its position in shares of First Solar by 826.3% in the third quarter. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $859.22 million. Garner Asset Management Corp bought a new position in First Solar during the second quarter worth about $208,000. Riverhead Capital Management LLC now owns 5,660 shares of the solar cell manufacturer's stock worth $226,000 after purchasing an additional 2,560 shares during the period. Riverhead Capital Management LLC lifted its stake in First Solar by 82.6% during the second quarter.

Ecofin Ltd holds 10.38% of its portfolio in First Solar, Inc. for 943,979 shares. The company's institutional ownership is monitored at 54.1 percent.

First Solar, Inc. has a 52-week low of $25.56 and a 52-week high of $71.80. (NASDAQ:FSLR) on Wednesday, August 5 to "Outperform" rating. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. The firm has a market cap of $7,270.00, a P/E ratio of -16.74 and a beta of 2.04.

The average Wall Street analyst rating for First Solar, Hold, according to the average of 14 analyst scores. The solar cell manufacturer reported $1.95 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $1.11. First Solar had a net margin of 14.72% and a return on equity of 9.58%. 5 analysts call it Underweight, while 1 think it is Overweight. In a transaction dated December 07, 2017, the shares were put up for sale at an average price of $64.4, raking in a sum of $1,305,388. First Solar's revenue for the quarter was up 59.5% compared to the same quarter last year. analysts anticipate that First Solar, Inc. will post 2.52 EPS for the current year.

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Veritone, Inc. (VERI) stock moved with shift of 3.49% in the past week. The shares were sold at an average price of $64.40, for a total transaction of $1,305,388.00. Domini Impact Investments Llc owns 6,935 shares or 7.23% of their USA portfolio. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. About 11.89M shares traded. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 63.04%, and has a solid year to date (YTD) performance of 12.96% which means that the stock is constantly adding to its value from the previous fiscal year end price. The disclosure for this sale can be found here.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 7.18 million shares, VANGUARD GROUP INC with 6.6 million shares, DEUTSCHE BANK AG with 3.12 million shares, WELLINGTON MANAGEMENT GROUP LLP with 3.02 million shares, and STATE STREET CORP with 2.38 million shares. Perigon Wealth Limited Company owns 4.9% invested in Apple Inc. (NASDAQ:FSLR). 158,539 were reported by Trillium Asset Ltd Liability. According to today's trading volume First Solar, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Also, CEO Mark R. Widmar sold 20,270 shares of First Solar stock in a transaction on Thursday, December 7th. The stock has "Buy" rating by KeyBanc Capital Markets on Monday, November 13. (NASDAQ:FSLR) on Monday, December 11 with "Buy" rating.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, October 26th. (NASDAQ:FSLR), 11 have Buy rating, 4 Sell and 13 Hold. M Partners has "Buy" rating and $51.0 target. "(FSLR)" was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and reposted in violation of US & worldwide copyright & trademark legislation.

Wellington Shields & Company increased its stake in First Solar Inc Com (FSLR) by 56.25% based on its latest 2017Q3 regulatory filing with the SEC. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity.

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