First Solar (FSLR) Gets a Sell Rating from Morgan Stanley

In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on First Solar (FSLRResearch Report), with a price target of $54.00. The company’s shares closed last Friday at $68.00, close to its 52-week low of $59.60.

According to TipRanks.com, Byrd is a 5-star analyst with an average return of 10.4% and a 58.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Nextera Energy Partners.

The word on The Street in general, suggests a Hold analyst consensus rating for First Solar with a $77.75 average price target.

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First Solar’s market cap is currently $7.25B and has a P/E ratio of 33.73.

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First Solar, Inc. engages in designing, manufacturing, marketing, and distribution of photovoltaic solar power systems and solar modules. It operates through the Modules and Systems segments. The Modules segment involves in the design, manufacture, and sale of cadmium telluride solar modules, which convert sunlight into electricity. The Systems segment offers development, construction, operation, and maintenance of photovoltaic solar power systems. The company was founded by Michael J. Ahearn in 1999 and is headquartered in Tempe, AZ.

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