First Solar (NASDAQ:FSLR) Given New $215.00 Price Target at Deutsche Bank Aktiengesellschaft

First Solar (NASDAQ:FSLRGet Rating) had its price objective increased by Deutsche Bank Aktiengesellschaft from $180.00 to $215.00 in a research report sent to investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the solar cell manufacturer’s stock.

Other analysts also recently issued research reports about the company. Cowen lifted their price target on First Solar from $167.00 to $175.00 in a research report on Friday, October 28th. Morgan Stanley lifted their price target on First Solar from $146.00 to $194.00 and gave the company an equal weight rating in a research report on Tuesday, January 10th. TheStreet downgraded First Solar from a b- rating to a c rating in a research report on Friday, October 28th. Piper Sandler lifted their price target on First Solar from $170.00 to $200.00 and gave the company an overweight rating in a research report on Tuesday, November 1st. Finally, Roth Capital lifted their price target on First Solar from $135.00 to $180.00 in a research report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $175.54.

First Solar Stock Down 1.4 %

Shares of NASDAQ FSLR opened at $177.60 on Tuesday. First Solar has a 52 week low of $59.60 and a 52 week high of $185.28. The business has a 50-day simple moving average of $160.24 and a two-hundred day simple moving average of $131.05. The company has a quick ratio of 3.10, a current ratio of 4.09 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.93 billion, a P/E ratio of 201.82, a P/E/G ratio of 0.69 and a beta of 1.30.

First Solar (NASDAQ:FSLRGet Rating) last issued its earnings results on Thursday, October 27th. The solar cell manufacturer reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.23). First Solar had a return on equity of 1.61% and a net margin of 3.75%. The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $747.97 million. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that First Solar will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Solar

Large investors have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in shares of First Solar in the 3rd quarter worth approximately $25,000. TCI Wealth Advisors Inc. grew its position in shares of First Solar by 370.7% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 193 shares of the solar cell manufacturer’s stock worth $26,000 after buying an additional 152 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of First Solar in the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. grew its position in shares of First Solar by 214.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 261 shares of the solar cell manufacturer’s stock worth $33,000 after buying an additional 178 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of First Solar in the 3rd quarter worth approximately $35,000. 80.97% of the stock is currently owned by institutional investors.

About First Solar

(Get Rating)

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

Further Reading

The Fly logo

Analyst Recommendations for First Solar (NASDAQ:FSLR)

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.