This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2 Stocks Slump to 52-Week Lows: First Solar, WebMD

NEW YORK ( TheStreet) -- First Solar (FSLR - Get Report) and WebMD (WBMD - Get Report) sank to 52-week lows on Wednesday.

First Solar

"Although management seems to be taking the right steps by closing higher cost manufacturing locations, controlling overall operating costs and placing more emphasis on creating demand in new/sustainable markets, we still see headwinds to shares in the current scenario," Deutsche Bank analysts wrote in an April 24 report. "A more appropriate value creating move by management would likely be to sell the current project pipeline to a consortium of strategic investors, in our view. Until management addresses some of the current investor concerns, we expect shares to remain under pressure. Lower price target to $17. Maintain Hold."

Shares of First Solar hit a 52-week low on Wednesday of $17.65. The stock's 52-week high of $142.22 was set on June 30.

First Solar trades at an estimated price-to-earnings ratio for next year of 4.51 times; the average for renewable energy equipment companies is 8.48. For comparison, SunPower (SPWR) has a higher forward P/E of 11.73.

Twenty-seven of the 39 analysts who cover First Solar rated it hold. Six analysts gave the stock a buy rating and another six rated it sell.

The stock has fallen 46.72% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FSLR $45.17 0.00%
WBMD $42.69 0.00%
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs