First Solar, Inc. (FSLR) Downgraded by Vetr Inc

Lloyd Doyle
August 19, 2017

Trading volume for First Solar, Inc. was 1,161K by the end of trading on Friday. (NASDAQ:FSLR) from a hold rating to a sell rating in a report issued on Monday morning. Cowen and Company set a $40.00 target price on shares of First Solar and gave the stock a "buy" rating in a research report on Monday, July 10th.

On the other hand, SunPower's primary metric for calculating executive bonuses is "Adjusted EBITDA", a metric also famously used by Valeant Pharmaceuticals VRX, +0.35% There's no comparison; First Solar's executive compensation plan is much more shareholder-friendly. BidaskClub upgraded shares of First Solar from a "hold" rating to a "buy" rating in a research note on Wednesday, June 28th. Finally, Standpoint Research cut shares of First Solar from a "buy" rating to a "hold" rating in a research note on Wednesday, July 19th. 1 investment expert has recommended the share with a sell recommendation, eighteen have issued a hold recommendation and around ten have published a buy recommendation to the firms shares. the share presently has a average recommendation of Hold and an consensus price target of $43.89. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since August 18, 2016 and is downtrending. The company's market capitalization is $5.12 billion.

Over the past 50 days, First Solar, Inc. stock was -3.95% off of the high and 36.50% removed from the low. The firm has a 50-day moving average price of $44.91 and a 200 day moving average price of $36.12.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 27th.

These companies are hard to compare on most valuation metrics due to the fact that First Solar earns a positive after-tax operating profit (NOPAT) while SunPower has lost money for the past two years. The company had revenue of $623 million for the quarter, compared to the consensus estimate of $591.55 million. Next quarter's EPS is forecasted at $0.49 with next year's EPS anticipated to be $1.23. The business's revenue for the quarter was down 38.7% on a year-over-year basis. Equities analysts expect that First Solar will post $2.11 earnings per share for the current year.

Personal Capital Advisors Corp decreased First Solar Inc (FSLR) stake by 4.55% reported in 2016Q4 SEC filing. "(FSLR) Upgraded to "C" by TheStreet" was originally published by BBNS and is owned by of BBNS. If you are reading this story on another website, it was stolen and republished in violation of USA and global trademark and copyright laws. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alexander R. Bradley sold 566 shares of the business's stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $49.83, for a total transaction of $289,014.00. Following the transaction, the chief financial officer now directly owns 963 shares in the company, valued at approximately $46,859.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,909 shares of company stock worth $4,705,246. The stock was unloaded at a price range of of $48.55, amounting $2,096,825.95. after the closing of the transaction the CEO has an ownership of 107,454 stocks in the company, worth at $5,216,891.70. Fiduciary Trust Co. acquired a new stake in First Solar during the second quarter valued at approximately $128,000.

First Solar has an enterprise value/invested capital (a cleaner version of price/book) of 0.61, while SunPower's EV/IC is 0.80. NEXT Financial Group Inc now owns 5,050 shares of the solar cell manufacturer's stock valued at $201,000 after buying an additional 975 shares during the period. HighTower Advisors LLC now owns 22,791 shares of the solar cell manufacturer's stock worth $617,000 after buying an additional 2,662 shares during the period. Bank of Montreal Can raised its position in shares of First Solar by 13.9% in the first quarter. Bank of America Corp DE now owns 273,426 shares of the solar cell manufacturer's stock valued at $7,409,000 after buying an additional 109,938 shares during the period. Winton Group Ltd trimmed its position by selling 175,724 shares a decrease of 88.3% as of 06/30/2017. First Solar Inc Com now has $4.99B valuation. SunPower focuses on high-efficiency panels that are ideal for rooftop solar installations, while First Solar's thin-film panels hold up better in harsh environments and appeal to large-scale utilities. The Firm also develops, designs, constructs and sells PV solar power systems that primarily use the modules it makes.

To view Vetr's full report, visit Vetr's official website.

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