First Solar (FSLR) Receives a Hold from BMO Capital

BMO Capital analyst Ameet Thakkar maintained a Hold rating on First Solar today and set a price target of $237.00.

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Thakkar covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Thakkar has an average return of -6.5% and a 50.37% success rate on recommended stocks.

In addition to BMO Capital, First Solar also received a Hold from Jefferies’s Julien Dumoulin Smith in a report issued on April 7. However, on April 10, RBC Capital maintained a Buy rating on First Solar (NASDAQ: FSLR).

Based on First Solar’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.68 billion and a net profit of $520.88 million. In comparison, last year the company earned a revenue of $1.51 billion and had a net profit of $393.12 million

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLR in relation to earlier this year. Last month, Kuntal Kumar Verma, the Chief Manufacturing Officer of FSLR sold 3,426.00 shares for a total of $671,256.18.