First Solar (NASDAQ:FSLR) Price Target Lowered to $326.00 at Mizuho

First Solar (NASDAQ:FSLR) had its price target decreased by Mizuho from $335.00 to $326.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the solar cell manufacturer’s stock. Mizuho’s price objective would suggest a potential upside of 41.80% from the company’s current price.

FSLR has been the topic of a number of other research reports. TD Cowen increased their price target on shares of First Solar from $260.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada increased their target price on First Solar from $244.00 to $258.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Daiwa Securities Group upped their price target on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Roth Mkm set a $300.00 price objective on First Solar in a research report on Friday, October 31st. Finally, Morgan Stanley set a $275.00 price objective on shares of First Solar in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and an average target price of $275.61.

First Solar Trading Up 1.6%

First Solar stock opened at $229.90 on Wednesday. First Solar has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $250.64 and its two-hundred day simple moving average is $232.82. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60.

Institutional Trading of First Solar

Several large investors have recently bought and sold shares of the company. SFE Investment Counsel boosted its holdings in shares of First Solar by 9.1% during the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after purchasing an additional 5,852 shares during the last quarter. Joule Financial LLC acquired a new position in shares of First Solar in the 3rd quarter valued at about $950,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of First Solar by 22.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,155 shares of the solar cell manufacturer’s stock worth $17,015,000 after acquiring an additional 13,904 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in First Solar during the 2nd quarter valued at about $1,323,000. Finally, State Street Corp lifted its holdings in shares of First Solar by 2.1% in the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after buying an additional 111,927 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

About First Solar

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.