First Solar (NASDAQ:FSLR – Get Rating) was downgraded by analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Thursday, Marketbeat reports. They presently have a $195.00 price objective on the solar cell manufacturer's stock, down from their previous price objective of $196.00. Bank of America's target price suggests a potential upside of 15.94% from the company's previous close.

Several other research analysts have also recently commented on FSLR. Piper Sandler boosted their price target on shares of First Solar from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, November 1st. Cowen upped their target price on shares of First Solar from $167.00 to $175.00 in a report on Friday, October 28th. Guggenheim upped their target price on shares of First Solar from $200.00 to $233.00 in a report on Monday, October 31st. TheStreet cut shares of First Solar from a "b-" rating to a "c" rating in a report on Friday, October 28th. Finally, Cowen upped their target price on shares of First Solar from $167.00 to $175.00 in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, First Solar has an average rating of "Moderate Buy" and a consensus target price of $178.88.

First Solar Trading Down 0.3 %

NASDAQ FSLR opened at $168.19 on Thursday. The company has a quick ratio of 3.10, a current ratio of 4.09 and a debt-to-equity ratio of 0.04. First Solar has a 52 week low of $59.60 and a 52 week high of $185.28. The stock has a market capitalization of $17.93 billion, a PE ratio of 191.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The firm has a 50 day moving average of $163.07 and a two-hundred day moving average of $139.60.

Institutional Trading of First Solar

About First Solar

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First Solar, Inc engages in designing, manufacturing, marketing, and the distribution of photovoltaic solar power systems and solar modules. It operates through the Modules and Systems segments. The Modules segment involves the design, manufacture, and sale of cadmium telluride solar modules, which convert sunlight into electricity.

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