Vertical Group Gives First Solar (FSLR) Lower Rating; 6 Analysts Are Bullish BioLineRx Ltd. (BLRX) Last Week

June 16, 2018 - By Richard Conner

First Solar, Inc. (NASDAQ:FSLR) Logo

Vertical Group cut First Solar (NASDAQ:FSLR)‘s stock to a “Sell” rating. The ratings change was sent to investors and clients in a a note today.

Among 6 analysts covering BioLineRx (NASDAQ:BLRX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BioLineRx had 27 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by Oppenheimer on Monday, December 4. The firm has “Buy” rating by Roth Capital given on Thursday, August 3. The rating was maintained by H.C. Wainwright with “Buy” on Friday, June 2. As per Wednesday, October 18, the company rating was maintained by H.C. Wainwright. The firm earned “Buy” rating on Tuesday, August 8 by Oppenheimer. Oppenheimer initiated BioLineRx Ltd. (NASDAQ:BLRX) rating on Thursday, December 21. Oppenheimer has “Buy” rating and $3.0 target. Oppenheimer maintained BioLineRx Ltd. (NASDAQ:BLRX) on Tuesday, September 26 with “Buy” rating. The stock of BioLineRx Ltd. (NASDAQ:BLRX) has “Buy” rating given on Thursday, June 1 by Maxim Group. The firm has “Buy” rating given on Tuesday, September 12 by Oppenheimer. On Friday, August 12 the stock rating was downgraded by Maxim Group to “Hold”. See BioLineRx Ltd. (NASDAQ:BLRX) latest ratings:

22/05/2018 Broker: H.C. Wainwright Rating: Buy New Target: $4.0000 Maintain
20/03/2018 Broker: Oppenheimer Rating: Buy Maintain
06/03/2018 Broker: Oppenheimer Rating: Buy New Target: $3.0 Maintain
06/03/2018 Broker: H.C. Wainwright Rating: Buy New Target: $4.0 Maintain
17/01/2018 Broker: H.C. Wainwright Rating: Buy New Target: $4.0 Maintain
21/12/2017 Broker: Oppenheimer Rating: Buy New Target: $3.0 Initiate
21/12/2017 Broker: H.C. Wainwright Rating: Buy New Target: $4.0 Maintain

Since December 18, 2017, it had 1 insider buy, and 14 selling transactions for $5.90 million activity. $679,584 worth of First Solar, Inc. (NASDAQ:FSLR) shares were sold by DeJong Philip. Another trade for 1,220 shares valued at $83,265 was made by ANTOUN GEORGES on Wednesday, March 7. 4,325 shares valued at $294,619 were sold by Bradley Alexander R. on Monday, March 12. 3,162 shares valued at $220,296 were sold by Garabedian Raffi on Tuesday, May 1. On Friday, March 9 Bueter Christopher sold $882,310 worth of First Solar, Inc. (NASDAQ:FSLR) or 13,000 shares. The insider KALETA PAUL J sold 1,605 shares worth $112,511. 1,656 First Solar, Inc. (NASDAQ:FSLR) shares with value of $124,200 were sold by Schumaker Bryan Robert.

First Solar, Inc. provides solar energy solutions in the United States and internationally. The company has market cap of $5.35 billion. It operates through two divisions, Components and Systems. It currently has negative earnings. The Components segment designs, makes, and sells cadmium telluride solar modules that convert sunlight into electricity.

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.32, from 1.29 in 2017Q4. It dropped, as 37 investors sold First Solar, Inc. shares while 103 reduced holdings. 51 funds opened positions while 85 raised stakes. 51.21 million shares or 2.24% less from 52.38 million shares in 2017Q4 were reported. Kempen Cap Management Nv, Netherlands-based fund reported 128,506 shares. Tru Of Vermont reported 0.03% in First Solar, Inc. (NASDAQ:FSLR). Macquarie Group Ltd reported 0.01% in First Solar, Inc. (NASDAQ:FSLR). Perigon Wealth Mgmt Ltd Limited Liability Company holds 0% or 110 shares. Gemmer Asset Mgmt Lc has 0% invested in First Solar, Inc. (NASDAQ:FSLR) for 199 shares. Ameriprise Financial Inc owns 308,281 shares. Arizona State Retirement Systems accumulated 55,132 shares. Community Fin Service Gru Incorporated Lc has invested 0.1% in First Solar, Inc. (NASDAQ:FSLR). Daiwa Sb Limited owns 0.27% invested in First Solar, Inc. (NASDAQ:FSLR) for 13,162 shares. Principal Financial Group Inc stated it has 0.02% in First Solar, Inc. (NASDAQ:FSLR). Citadel Advsr Limited Liability Company invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). State Common Retirement Fund invested in 211,800 shares. Personal Advisors reported 0.36% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Cornerstone Advisors holds 2,085 shares or 0.1% of its portfolio. Meeder Asset has invested 0% of its portfolio in First Solar, Inc. (NASDAQ:FSLR).

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on July, 26. They expect $0.07 earnings per share, down 89.06% or $0.57 from last year’s $0.64 per share. FSLR’s profit will be $7.33M for 182.36 P/E if the $0.07 EPS becomes a reality. After $0.78 actual earnings per share reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -91.03% negative EPS growth.

Among 31 analysts covering First Solar Inc. (NASDAQ:FSLR), 12 have Buy rating, 5 Sell and 14 Hold. Therefore 39% are positive. First Solar Inc. has $100.0 highest and $4.49 lowest target. $62.50’s average target is 22.41% above currents $51.06 stock price. First Solar Inc. had 96 analyst reports since August 5, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $5200 target in Tuesday, July 25 report. The firm has “Sell” rating given on Thursday, June 7 by Goldman Sachs. Deutsche Bank maintained the shares of FSLR in report on Friday, February 23 with “Buy” rating. Cowen & Co upgraded the shares of FSLR in report on Wednesday, August 5 to “Outperform” rating. As per Monday, June 11, the company rating was maintained by Robert W. Baird. As per Tuesday, January 26, the company rating was initiated by Roth Capital. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, May 18. The rating was maintained by Argus Research with “Buy” on Thursday, November 5. The company was maintained on Monday, December 11 by Roth Capital. On Wednesday, September 9 the stock rating was initiated by Oppenheimer with “Outperform”.

More notable recent First Solar, Inc. (NASDAQ:FSLR) news were published by: Benzinga.com which released: “Baird Defends First Solar As ‘Fresh Pick,’ Finds Comfort In Revenue Visibility” on June 11, 2018, also Fool.com with their article: “Why Whiting Petroleum, Global Blood Therapeutics, and First Solar Slumped Today” published on June 15, 2018, Seekingalpha.com published: “First Solar sinks another 3% as Goldman downgrades to Sell” on June 07, 2018. More interesting news about First Solar, Inc. (NASDAQ:FSLR) were released by: Nasdaq.com and their article: “Analysis: Positioning to Benefit within Vector Group, The Goldman Sachs Group, LivaNova, IRSA Inversiones Y …” published on June 15, 2018 as well as Benzinga.com‘s news article titled: “Bank Of America Cites Chinese Policy Decision In First Solar Downgrade” with publication date: June 05, 2018.

The stock decreased 4.93% or $2.65 during the last trading session, reaching $51.06. About 6.34 million shares traded or 167.65% up from the average. First Solar, Inc. (NASDAQ:FSLR) has risen 79.89% since June 16, 2017 and is uptrending. It has outperformed by 67.32% the S&P500. Some Historical FSLR News: 26/03/2018 – First Solar Sells 150-Megawatt Solar Project in Chile to Colbun; 10/05/2018 – NIPPON SHEET GLASS WILL SIGN A LONG-TERM SUPPLY AGREEMENT WITH FIRST SOLAR – NIKKEI; 26/04/2018 – First Solar Announces New U.S. Manufacturing Plant

More recent BioLineRx Ltd. (NASDAQ:BLRX) news were published by: Benzinga.com which released: “Benzinga’s Daily Biotech Pulse: Hematology Conference In The Spotlight, Dr. Reddy To Launch Generic Opioid …” on June 15, 2018. Also Seekingalpha.com published the news titled: “Biolinerx reports Q1 result” on May 22, 2018. Seekingalpha.com‘s news article titled: “BioLineRx Ltd. (BLRX) CEO Phil Serlin on Q1 2018 Results – Earnings Call Transcript” with publication date: May 22, 2018 was also an interesting one.

First Solar, Inc. (NASDAQ:FSLR) Institutional Positions Chart

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