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First Solar, Inc. (FSLR) Position Maintained by Malaga Cove Capital LLC

19 May 2017

05/03/2017 - First Solar, Inc. was upgraded to "hold" by analysts at Axiom Capital. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The firm now has a $21.00 price target on the solar cell manufacturer's stock, down from their prior price target of $30.32.

More notable recent First Solar, Inc. Capital World Investors boosted its stake in shares of First Solar by 147.0% in the third quarter. Great West Life Assurance Co. LS Investment Advisors LLC raised its position in shares of First Solar by 21.7% in the third quarter. Wellington Management Group LLP now owns 3,038,924 shares of the solar cell manufacturer's stock worth $82,356,000 after buying an additional 679,898 shares in the last quarter. It improved, as 54 investors sold First Solar, Inc. shares while 104 reduced holdings. More interesting news about First Solar, Inc. The stock has "Buy" rating by Williams Capital Group on Friday, September 30. Trust Co. of Vermont now owns 5,477 shares of the solar cell manufacturer's stock valued at $149,000 after buying an additional 1,190 shares during the period.

Shares of First Solar, Inc.

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The share price of the company (NASDAQ:FSLR) was down -4.89%, with a high of 36.49 during the day and the volume of First Solar, Inc. shares traded was 3244735. The stock has a 50 day moving average price of $30.37 and a 200 day moving average price of $32.29.

Market Capitalization can be thought of as the overall price to buy the company. First Solar Inc. has $100.0 highest and $4.49 lowest target. The solar cell manufacturer reported $0.25 EPS for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.38. The business had revenue of $891.79 million during the quarter, compared to analyst estimates of $699.15 million.

For a total return analysis, there is the -10.40% return on equity and the -9.40% return on assets to consider. On average, analysts expect that First Solar will post $0.54 earnings per share for the current year. Additionally, First Solar, Inc.

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ILLEGAL ACTIVITY WARNING: This news story was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and global copyright & trademark law. (FSLR) is 0.25 while the analysts predicted the EPS of the stock to be -0.13 suggesting the company fell short of the analysts' expectations.

The current consensus rating on First Solar (NASDAQ:FSLR) is Hold (Score: 2.17) with a consensus target price of $41.51 per share, a potential 18.67% upside. Vetr lowered shares of First Solar from a "buy" rating to a "hold" rating and set a $33.62 target price on the a report on Tuesday, March 7th. Goldman Sachs Group Inc reaffirmed a "neutral" rating on shares of First Solar in a research report on Friday, February 10th. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The third largest holder is Franklin Resources Inc, which now holds $229.95 million worth of this stock and that ownership represents almost 6.27% of its market capitalization. Over the last quarter, insiders have sold 13,850 shares of company stock valued at $466,402.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 1.76%, and has a solid year to date (YTD) performance of 8.94% which means the stock is constantly adding to its value from the previous fiscal year end price. That value represents a market adjusting for revenues that have been growing by 1.79 % on a quarterly year/year basis as of the company's last quarterly report. In other news, EVP Paul J. Kaleta sold 8,492 shares of the company's stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $33.69, for a total value of $286,095.48. The average volume of a stock suggests the liquidity of a particular company. The disclosure for this sale can be found here.

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First Solar Inc now has $3.64B valuation.