First Solar rose 2.8% during the morning session to $149.5 per share. As reported by Barrons: "Sunrun, Sunnova, First Solar Are Now Buys. This Analyst Explains the Catalysts..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, First Solar has a trailing 12 month P/E ratio of 173.8 and a P/B ratio of 2.7.
First Solar has moved 71.8% over the last year compared to -18.6% for the S&P 500 -- a difference of 90.4%. First Solar has a 52 week high of $173.68 and a 52 week low of $59.6. At today's price of $149.5 per share, First Solar is -7.48% away from its target price of $161.59, and on average, analysts give the stock a rating of buy. 5.0% of the company's shares are linked to short positions, and 82.8% of the shares are owned by institutional investors.