First Solar (FSLR) is Upgraded by Goldman to Buy, Raises Price Target to $100

First Solar (FSLR) is Upgraded by Goldman to Buy according to the research report released to the investors. The brokerage firm has raised the Price Target to $100 from a previous price target of $61 . Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

First Solar, Inc. is up 54.62% in the last 3-month period. Year-to-Date the stock performance stands at 47.96%.

First Solar, Inc. (NASDAQ:FSLR) has dropped 1.39% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 10.28% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.57% during the past week but First Solar, Inc. (NASDAQ:FSLR) has outperformed the index in 4 weeks by 12.85%.

Shares of First Solar, Inc. (NASDAQ:FSLR) ended Thursday session in red amid volatile trading. The shares closed down 1 points or 1.49% at $65.99 with 1,515,486 shares getting traded. Post opening the session at $66.51, the shares hit an intraday low of $65.99 and an intraday high of $67.0747 and the price vacillated in this range throughout the day. The company has a market cap of $6,660 million and the number of outstanding shares have been calculated to be 100,920,115 shares. The 52-week high of First Solar, Inc. (NASDAQ:FSLR) is $67.8 and the 52-week low is $39.18.

Currently the company Insiders own 0.3% of First Solar, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -79.52% . Institutional Investors own 52.76% of First Solar, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -74.12%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Antoun Georges, officer (President, US) of First Solar, Inc., had unloaded 8,663 shares at an average price of $64.85 in a transaction dated on December 16, 2015. The total value of the transaction was worth $561,796.

First Solar, Inc. manufactures and sells photovoltaic (PV) solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems. The Company is a thin-film PV solar module manufacturer and a PV solar module manufacturer. It operates its business in two segments: components segment and systems segment. Its components segment involves the design, manufacture, and sale of solar modules, which convert sunlight into electricity. Its systems business involves the sale of its solar modules coupled with the engineering, procurement and construction of the solar PV power plant. In September 2013, First Solar, Inc and K Road Power Holdings LLC announced that First Solar acquired from K Road the 250 megawatt (MW)AC photovoltaic Moapa Solar Project in Nevada.