First Solar (NASDAQ:FSLR) Upgraded to “Outperform” at Mizuho

First Solar (NASDAQ:FSLR) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $259.00 price objective on the solar cell manufacturer’s stock, up from their previous price objective of $218.00. Mizuho’s price target would indicate a potential upside of 59.00% from the company’s current price.

Other research analysts have also issued research reports about the stock. Robert W. Baird dropped their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley dropped their price target on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their target price on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $276.38.

First Solar Stock Down 3.2 %

First Solar stock opened at $162.89 on Tuesday. The firm has a market cap of $17.44 billion, a PE ratio of 14.03, a P/E/G ratio of 0.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The firm’s 50 day moving average price is $183.24 and its two-hundred day moving average price is $203.69. First Solar has a twelve month low of $141.70 and a twelve month high of $306.77.

Institutional Investors Weigh In On First Solar

Institutional investors and hedge funds have recently modified their holdings of the business. Western Financial Corp CA bought a new stake in shares of First Solar during the third quarter worth approximately $1,209,000. Whalen Wealth Management Inc. grew its holdings in First Solar by 47.0% during the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after purchasing an additional 1,554 shares during the period. Stifel Financial Corp grew its holdings in First Solar by 36.9% during the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after purchasing an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in First Solar by 9.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock valued at $104,910,000 after purchasing an additional 49,074 shares during the period. Finally, Golden State Equity Partners grew its holdings in First Solar by 41,342.9% during the fourth quarter. Golden State Equity Partners now owns 2,901 shares of the solar cell manufacturer’s stock valued at $511,000 after purchasing an additional 2,894 shares during the period. 92.08% of the stock is owned by institutional investors.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.