Company Update (NASDAQ:FSLR):First Solar Marks New Milestone with 10 Gigawatts of Installed PV Capacity
(BUSINESS WIRE)– First Solar, Inc. (Nasdaq:FSLR) today announced that it has achieved 10 gigawatts (GW) of photovoltaic (PV) solar capacity installed globally, making it the first thin film PV module manufacturer in the world to achieve this milestone. The announcement was made at the start of the World Future Energy Summit in Abu Dhabi, where First Solar is showcasing a comprehensive range of solar energy solutions… Read more »
Shares of First Solar closed last Friday at $40.72 . FSLR has a 1-year high of $74.84 and a 1-year low of $39.81. The stock’s 50-day moving average is $43.67 and it’s 200-day moving average is $57.79.
On the ratings front, First Solar has been the subject of a number of recent research reports. In a report published on January 6, analyst Ronnie Moas from Standpoint Research upgraded FSLR to Buy, with a price target of $56, which represents a potential upside of 37.5% from where the stock is currently trading. Separately, on November 24, Axiom`s Gordon Johnson maintained a Sell rating on First Solar shares and has a price target of $30.
In total, 5 research analysts have rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $40.72 which is 51.4% above where the stock closed last Friday.
First Solar Inc designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor technology. Its business includes project development, engineering, procurement & construction, operating and maintenance services.