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

Mizuho upgraded shares of First Solar (NASDAQ:FSLR) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have $259.00 price objective on the solar cell manufacturer’s stock, up from their prior price objective of $218.00.

A number of other brokerages have also recently weighed in on FSLR. Citigroup raised First Solar from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Barclays cut their price objective on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company cut their price target on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Guggenheim reissued a “buy” rating and issued a $335.00 price target on shares of First Solar in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Performance

Shares of FSLR stock opened at $161.60 on Tuesday. First Solar has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.19 and a beta of 1.47. The stock’s fifty day simple moving average is $182.32 and its 200-day simple moving average is $203.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaMark Advisors LLC purchased a new stake in First Solar during the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new position in shares of First Solar during the 3rd quarter valued at about $25,000. Kennebec Savings Bank bought a new position in First Solar during the third quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in shares of First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Company Profile

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.