BofA Merrill Upgraded First Solar (NASDAQ:FSLR)’s Rating From Neutral.

June 26, 2018 - By Daniel Cummings

First Solar, Inc. (NASDAQ:FSLR) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.97. That’s change of 0.32, from 2017Q4’s 1.29. 37 investors sold all, 103 reduced holdings as First Solar, Inc. ratio turned negative. 85 rose stakes while 51 funds amassed stakes. Funds hold 51.21 million shares thus 2.24% less from 2017Q4’s 52.38 million shares.

Jpmorgan Chase And reported 1.33 million shs. Northern Tru Corporation owns 644,264 shs. Wisconsin-based State Of Wisconsin Board has invested 0% in First Solar, Inc. (NASDAQ:FSLR). Peapack Gladstone Fincl Corporation invested 0% in First Solar, Inc. (NASDAQ:FSLR). Scott Selber Inc holds 32,171 shs. Teachers Retirement Of The State Of Kentucky holds 0.01% or 16,618 shs in its capital. Gemmer Asset Management Limited Liability Corp, a California-based fund reported 199 shs. Kbc Nv accumulated 0.09% or 132,292 shs. 54,548 were accumulated by Macquarie Ltd. Thrivent Financial For Lutherans owns 18,529 shs or 0% of their US capital. Firsthand Mngmt Inc accumulated 7,000 shs. Next Finance Grp has invested 0.06% in First Solar, Inc. (NASDAQ:FSLR). Advisory Serv Lc holds 1,311 shs. Prudential Financial holds 0.04% or 331,063 shs in its capital. Clear Harbor Asset Mngmt Limited Liability Corporation reported 14,945 shs.

First Solar, Inc. registered $6.06 million net activity with 1 insider buy and 15 sales since January 4, 2018. 6,601 shs were sold by KALETA PAUL J, worth $448,010 on Friday, March 9. 3,162 First Solar, Inc. (NASDAQ:FSLR) shs with value of $220,296 were sold by Garabedian Raffi. On Friday, April 27 $67,840 worth of stock was sold by Schumaker Bryan Robert. $294,619 worth of stock was sold by Bradley Alexander R. on Monday, March 12. 3,000 shs were bought by Hambro George A, worth $187,980 on Wednesday, February 28. On Friday, March 9 Shares for $882,310 were sold by Bueter Christopher.

BofA Merrill Upped First Solar (NASDAQ:FSLR)’s Stock Rating to Buy.

It was made public on 25 June that BofA Merrill upped First Solar (NASDAQ:FSLR)‘s rating to Buy. FSLR’s old rating was Neutral.

First Solar, Inc. (NASDAQ:FSLR) Ratings Coverage

In total 14 analysts cover First Solar (NASDAQ:FSLR). “Buy” rating has 8, “Sell” are 2, while 4 are “Hold”. (NASDAQ:FSLR) has 57% bullish analysts. With $9400 highest and $53 lowest PT, First Solar has $76.22 average PT or 44.79% above the current ($52.64) price. 24 are the (NASDAQ:FSLR)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Friday, February 23 Deutsche Bank maintained First Solar, Inc. (NASDAQ:FSLR) with “Buy” rating. On Tuesday, June 5 Bank of America downgraded the shares of FSLR in report to “Hold” rating. On Friday, April 27 JMP Securities maintained First Solar, Inc. (NASDAQ:FSLR) rating. JMP Securities has “Market Outperform” rating and $87 target. On Friday, February 23 the stock has “Buy” rating by Needham. On Monday, April 30 the stock has “Buy” rating by UBS. The stock rating was upgraded by Standpoint Research to “Accumulate” on Wednesday, March 7. In Friday, April 27 report Credit Suisse maintained the stock with “Underperform” rating. On Thursday, April 19 the company was maintained by Robert W. Baird. On Wednesday, June 6 the stock of First Solar, Inc. (NASDAQ:FSLR) earned “Hold” rating by JMP Securities. On Monday, June 25 the stock of First Solar, Inc. (NASDAQ:FSLR) has “Buy” rating given by Bank of America.

FSLR is touching $52.64 during the last trading session, after decreased 0.02%.First Solar, Inc. has 5.35 million shares volume, 115.51% up from normal. FSLR is uptrending and has moved 79.89% since June 26, 2017. FSLR outperformed the S&P500 by 67.32%.

First Solar, Inc. (NASDAQ:FSLR)’s earnings release is awaited by WallStreet on July, 26, Zacks reports. Analysts have anticipation on stock’s EPS of $0.07. That’s down 89.06 % from last year’s $0.64 EPS. FSLR’s profit could reach $7.33 million with 188.00 P/E in case $0.07 EPS is announced. After $0.78 EPS report previous quarter, Wall Street now forecasts -91.03 % negative EPS growth of First Solar, Inc..

First Solar, Inc. provides photovoltaic solar energy solutions in the United States and internationally.The firm is worth $5.52 billion. It operates through two divisions, Components and Systems.Last it reported negative earnings. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity.

For more First Solar, Inc. (NASDAQ:FSLR) news announced briefly go to: Benzinga.com, Seekingalpha.com, Benzinga.com, Benzinga.com or Benzinga.com. The titles are as follows: “Forecasting How Shares Of Netflix, Tesla, And First Solar Will Perform This Week” announced on June 25, 2018, “First Solar upgraded at Credit Suisse amid ‘overblown’ Section 301 fears” on June 19, 2018, “Baird Defends First Solar As ‘Fresh Pick,’ Finds Comfort In Revenue Visibility” with a publish date: June 11, 2018, “Bank Of America Cites Chinese Policy Decision In First Solar Downgrade” and the last “First Solar Downgraded By Vertical Group’s Gordon Johnson: ‘We Think It’s Time To Fade This Stock'” with publication date: June 07, 2018.

First Solar, Inc. (NASDAQ:FSLR) Institutional Investors Chart

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