First Solar (FSLR) Given "Outperform" Rating at Cowen

Lloyd Doyle
December 7, 2017

Its up 0.46, from 1.1 in 2017Q1. On average, equities analysts forecast that Canadian Solar will post $1.64 earnings per share for the current year. 67 funds opened positions while 102 raised stakes. Thrivent Fincl For Lutherans accumulated 15,910 shares.

More notable recent Canadian Solar Inc. (NASDAQ:FSLR) as Buy, 0 analysts given Outperform signal, 2 reported Hold, and 1 analysts rated the stock as Sell. "It also underscores our commitment to improve on the cost competitiveness of solar power technology deployment in Japan". (NASDAQ:FSLR). Oceanic Invest Mngmt holds 1.3% or 53,300 shares. For shareholders, given the total diluted outstanding shares of 105.66 million, this means overall earnings per share of 1.95. Dnb Asset Mgmt As invested in 0% or 497,668 shares. 686,333 are owned by Northern. Tcw owns 14,591 shares for 0% of their portfolio. (NASDAQ:FSLR). Prentiss Smith Co has invested 3.08% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 5,553 shares. Institutional investors own 51.21% of the company's stock. Fincl Bank Of America De has invested 0% in First Solar, Inc. Plante Moran Fin Advisors Ltd owns 125 shares or 0% of their USA portfolio. Vanguard Group Inc. increased its position in First Solar by 3.9% during the 2nd quarter. Oppenheimer Holdings Inc. reissued an "outperform" rating and set a $31.00 price target on shares of Canadian Solar in a report on Thursday, April 20th. The 7 months bullish chart indicates low risk for the $6.90 billion company. Average true range (ATR-14) of the company sets at 0.3, along with its weekly and monthly volatility of 1.84% and 2.12% respectively. If the $70.73 price target is reached, the company will be worth $483.21 million more. The company rocked its 52-Week High of $19.09 and touched its 52-Week Low of $10.86. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The company's stock had a trading volume of 4,666,600 shares, compared to its average volume of 2,780,130. Using a broader approach, shares have been trading 54.62% off of the 200-day moving average. (NASDAQ:FSLR). Royal Bank Of Canada owns 0.01% invested in First Solar, Inc. It has underperformed by 42.02% the S&P500. (NASDAQ:FSLR) for 20,536 shares.

Redwood Trust (NYSE:RWT)'s shares slipped -2.05% in the past week and plunged -2.83% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -12.79% while its year to date performance is at -2.76%.

The company reported its last earnings Actual EPS of $1.95/share.

Among 26 analysts covering First Solar Inc. Therefore 38% are positive. First Solar, Inc. has a 1 year low of $25.56 and a 1 year high of $65.43.

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Santander Consumer USA Holdings Inc. Axiom Securities reaffirmed a "buy" rating on shares of First Solar in a report on Thursday, August 10th. The stock has "Buy" rating by Williams Capital Group on Friday, September 30. The stock has a market capitalization of $6,392.34, a P/E ratio of 15.00 and a beta of 2.03.

Masters Capital Management Llc decreased First Solar Inc (FSLR) stake by 80% reported in 2017Q2 SEC filing. The stock presently has a consensus rating of "Hold" and a consensus price target of $17.49. The stock has "Neutral" rating by Piper Jaffray on Monday, October 10. (NASDAQ:FSLR) has "Mkt Underperform" rating given on Tuesday, January 24 by JMP Securities. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. Canadian Solar Inc (NASDAQ:CSIQ)'s distance from 20 day simple moving average is-0.0685 along with distance from 50 day simple moving average of 17.43 whereas its distance from 200 day simple moving average is 16.07. More interesting news about First Solar, Inc.

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The company has market cap of $6.90 billion. The firm operates in two divisions, Process & Motion Control Platform and Water Management Platform.

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