Stock Update (NASDAQ:FSLR): First Solar Launches Industry’s First PV Project Assessment Application at WFES 2015
(BUSINESS WIRE)– First Solar, Inc. (Nasdaq:FSLR) today announced the launch of its Energy Capacity Assessment Tool, a first for the solar energy industry, at the 2015 World Future Energy Summit (WFES). The company will showcase the application and its comprehensive range of solar energy solutions at the Summit in Abu Dhabi, from January 19 to 22, 2015… 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 implies an upside of 37.5% from current levels. 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.