Fintel reports that on July 19, 2023, Citigroup upgraded their outlook for First Solar (NASDAQ:FSLR) from Sell to Neutral.
Analyst Price Forecast Suggests 13.47% Upside
As of July 6, 2023, the average one-year price target for First Solar is 228.72. The forecasts range from a low of 159.14 to a high of $290.85. The average price target represents an increase of 13.47% from its latest reported closing price of 201.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for First Solar is 3,428MM, an increase of 22.40%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 1473 funds or institutions reporting positions in First Solar. This is an increase of 140 owner(s) or 10.50% in the last quarter. Average portfolio weight of all funds dedicated to FSLR is 0.36%, an increase of 1.03%. Total shares owned by institutions increased in the last three months by 4.67% to 98,418K shares. The put/call ratio of FSLR is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Ofi Invest Asset Management holds 3,662K shares representing 3.43% ownership of the company.
Capital Research Global Investors holds 3,179K shares representing 2.98% ownership of the company. In it’s prior filing, the firm reported owning 2,583K shares, representing an increase of 18.75%. The firm increased its portfolio allocation in FSLR by 68.76% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,133K shares representing 2.93% ownership of the company. In it’s prior filing, the firm reported owning 3,078K shares, representing an increase of 1.76%. The firm increased its portfolio allocation in FSLR by 36.48% over the last quarter.
Wellington Management Group Llp holds 3,105K shares representing 2.91% ownership of the company. In it’s prior filing, the firm reported owning 4,005K shares, representing a decrease of 28.96%. The firm decreased its portfolio allocation in FSLR by 84.29% over the last quarter.
Invesco holds 2,885K shares representing 2.70% ownership of the company. In it’s prior filing, the firm reported owning 3,444K shares, representing a decrease of 19.38%. The firm decreased its portfolio allocation in FSLR by 89.28% over the last quarter.
First Solar Background Information
(This description is provided by the company.)
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy solutions protect and enhance the environment.
This article originally appeared on Fintel
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
