Market Rating: Is It Finally Time To Sell? Macquarie Downgrades First Solar (FSLR)

November 23, 2016 - By whatsonthorold

Market Rating: Is It Finally Time To Sell? Macquarie Downgrades First Solar (FSLR)

First Solar (FSLR) Downgrade

Macquarie gave First Solar (FSLR) shares a new “Neutral” rating in a a note revealed to investors on Wednesday, 23 November. This is downgrade from the last “Outperform” rating.

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

Out of 7 analysts covering First Solar (FSLR), 1 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 14% are positive. $50.0 is the highest target while $25.0 is the lowest. The $37 average target is 25.94% above today’s ($29.38) stock price. First Solar has been the topic of 7 analyst reports since September 8, 2016 according to StockzIntelligence Inc. The rating was initiated by Williams Capital Group with “Buy” on Friday, September 30. As per Monday, October 10, the company rating was initiated by Piper Jaffray. The firm earned “Neutral” rating on Thursday, November 17 by Mizuho. The rating was initiated by JMP Securities with “Mkt Underperform” on Thursday, September 8. UBS downgraded the shares of FSLR in a report on Friday, November 18 to “Sell” rating. The stock has “Neutral” rating given by Goldman Sachs on Friday, October 7. The company was downgraded on Thursday, November 17 by Avondale.

About 548,334 shares traded hands. First Solar, Inc. (FSLR) has declined 52.11% since April 21, 2016 and is downtrending. It has underperformed by 57.44% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.38, from 1.15 in 2016Q1. The ratio dropped, as 73 funds sold all First Solar, Inc. shares owned while 104 reduced positions. 48 funds bought stakes while 155 increased positions. They now own 57.19 million shares or 8.49% less from 62.50 million shares in 2016Q1.

The Illinois-based Hightower Advsrs Limited Liability has invested 0.02% in First Solar, Inc. (NASDAQ:FSLR). Pinebridge Lp accumulated 361 shares or 0% of the stock. Moreover, Comml Bank Of Montreal Can has 0.01% invested in First Solar, Inc. (NASDAQ:FSLR) for 268,672 shares. Teacher Retirement Sys Of Texas last reported 10,685 shares in the company. Oakworth Incorporated accumulated 4 shares or 0% of the stock. Profund Advisors Ltd Limited Liability Company owns 5,902 shares or 0.01% of their US portfolio. Lmr Prtnrs Ltd Liability Partnership reported 75,441 shares or 0.57% of all its holdings. Amica Retiree Medical has invested 0.02% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Tudor Corp Et Al last reported 22,737 shares in the company. State Of Tennessee Treasury Department holds 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR) for 16,960 shares. Blackrock Management Ltd Limited Liability Company last reported 159,114 shares in the company. Assetmark last reported 0% of its portfolio in the stock. Envestnet Asset Management Incorporated, a Illinois-based fund reported 3,161 shares. The New York-based Summit Secs Gp Ltd Limited Liability Company has invested 0.29% in First Solar, Inc. (NASDAQ:FSLR). State Street has 2.59 million shares for 0.01% of their US portfolio.

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 8 selling transactions for $27.18 million net activity. Shares for $905,874 were sold by KALETA PAUL J. 90,289 First Solar, Inc. (NASDAQ:FSLR) shares with value of $4.02 million were sold by Widmar Mark R. Bueter Christopher also sold $1.30M worth of First Solar, Inc. (NASDAQ:FSLR) on Thursday, August 4. HUGHES JAMES ALTON sold $8.02 million worth of stock or 180,448 shares. On Thursday, August 4 the insider Garabedian Raffi sold $3.98 million. On Friday, August 5 Bradley Alexander R. sold $24,774 worth of the stock or 566 shares. ANTOUN GEORGES had sold 133,761 shares worth $5.96M on Thursday, August 4.

First Solar, Inc. is a provider of photovoltaic solar energy solutions. The company has a market cap of $3.08 billion. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. It has a 6.01 P/E ratio. The Firm operates through two divisions: components and systems.

According to Zacks Investment Research, “FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.”

FSLR Company Profile

First Solar, Inc., incorporated on May 15, 2003, is a well-known provider of photovoltaic (PV) solar energy solutions. The Firm designs, makes and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Firm operates through two divisions: components and systems. The Company’s components segment designs, makes and sells solar modules, which convert sunlight into electricity. The Company’s systems segment provides PV solar power systems or solar solutions for systems, which use the Company’s solar modules. The Firm provides activities and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Firm has approximately 30 manufacturing lines around the world and over 2.8 gigawatts (GW) of annual manufacturing capacity with lines having a production capability of approximately 2,500 modules per day, totaling approximately 71,600 modules each day across over 30 lines.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Cnbc.com which released: “First Solar is taking some bitter medicine. Here’s why it could work” on November 17, 2016, also Cnbc.com with their article: “First Solar plummets after news of global surplus of panels” published on November 03, 2016, Fool.com published: “Better Buy: Canadian Solar Inc. vs. First Solar” on October 28, 2016. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Seekingalpha.com and their article: “First Solar: Don’t Rule Out A Turnaround” published on November 15, 2016 as well as Forbes.com‘s news article titled: “First Solar Slashes Revenue Expectations By $1B As Demand For Solar In China Slows” with publication date: November 04, 2016.

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