First Solar (NASDAQ: FSLR) was downgraded by Axiom Capital to a “sell” rating in a research note issued on Friday.
Separately, analysts at Auriga reiterated a “buy” rating on shares of First Solar in a research note to investors on Tuesday. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of First Solar in a research note to investors on Tuesday. Also, analysts at Avian Securities downgraded shares of First Solar to a “neutral” rating in a research note to investors on Thursday, December 22nd.
First Solar, Inc. (First Solar) manufactures and sells solar modules with an advanced thin-film semiconductor technology. First Solar designs, constructs, and sells photovoltaic (PV) solar power systems. It operates the business in two segments: components segment and systems segment. Its components segment is its principal business and involves the design, manufacture, and sale of solar modules, which convert sunlight into electricity. Customers of its components segment include project developers, system integrators, and operators of renewable energy projects. In January 2011, the Company and RayTracker, Inc. announced that First Solar, Inc. has acquired RayTracker, Inc. In January 2010, the Company completed the acquisition of certain assets from Edison Mission Group’s solar project development pipeline consisting of utility-scale solar projects located primarily on private land in California and the southwestern United States.
First Solar traded down 1.21% on Friday, hitting $38.23. First Solar has a 1-year low of $29.87 and a 1-year high of $175.45. The stock has a 50-day moving average of $38.46 and a 200-day moving average of $70.82. The company has a market cap of $3.304 billion and a price-to-earnings ratio of 6.35.