http://www.americanbankingnews.com/getthestreet upgraded shares of First Solar (NASDAQ: FSLR) from a sell rating to a hold rating in a report released on Thursday.
“First Solar (FSLR) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself.”
,” the firm’s analyst commented.
A number of other analysts have also recently weighed in on FSLR. Analysts at UBS AG cut their price target on shares of First Solar from $36.00 to $31.00 in a research note to investors on Wednesday, February 27th. They now have a neutral rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of First Solar from $18.00 to $19.00 in a research note to investors on Wednesday, February 27th. They now have an equal weight rating on the stock. Finally, analysts at Goldman Sachs reiterated a neutral rating on shares of First Solar in a research note to investors on Wednesday, February 27th. They now have a $27.00 price target on the stock.
Three research analysts have rated the stock with a buy rating, fifteen have assigned a hold rating, four have issued an underweight rating, and six have assigned a sell rating to the company. The company currently has a consensus rating of hold and an average price target of $26.54.
First Solar opened at 25.35 on Thursday. First Solar has a 1-year low of $11.43 and a 1-year high of $36.98. The stock’s 50-day moving average is currently $30.90. The company’s market cap is $2.209 billion.
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