FSLR
Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Research, not advice.
À propos
First Solar, Inc.
- Nom
- First Solar, Inc.
- Secteur
- Energy
- Industrie
- Solar
- Bourse
- NASDAQ
- Capitalisation
- $18.5B
- Employés
- 7,900
- PDG
- Mark R. Widmar
- Site web
- https://www.firstsolar.com
- Marché
- ASTICSIQJKSPNSMXTSPWR
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 800 titres (~139200 USD)
- Insiders
- Gloeckler Markus
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$2,815,615
Avg sell (VWAP, 90d window) $227.41 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$2,787,300 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-10-01
- Last synced
-
2026-10-06 10:56:08
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-01 | Gloeckler Markus | Sell · S · 10b5-1 | 800 | $174.00 | $139,200 | Form 4 |
| 2026-09-01 | Gloeckler Markus | Sell · S · 10b5-1 | 800 | $200.00 | $160,000 | Form 4 |
| 2026-08-17 | Sloan Samantha L. | Sell · S | 127 | $222.95 | $28,315 | Form 4 |
| 2026-08-11 | Dymbort Jason E. | Sell · S · 10b5-1 | 3,700 | $249.38 | $922,706 | Form 4 |
| 2026-08-04 | Gloeckler Markus | Sell · S · 10b5-1 | 829 | $248.00 | $205,592 | Form 4 |
| 2026-08-03 | Gloeckler Markus | Sell · S · 10b5-1 | 2,625 | $218.02 | $572,302 | Form 4 |
| 2026-08-03 | Koralewski Michael | Sell · S · 10b5-1 | 3,500 | $225.00 | $787,500 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
| Date | Member | Side | Amount range | Filing |
|---|---|---|---|---|
| 2026-08-13 | John Boozman | Buy | $1,001 - $15,000 | Filing |
| 2026-08-13 | John Boozman | Buy | $1,001 - $15,000 | Filing |
| 2026-08-10 | Ro Khanna | Buy | $1,001 - $15,000 | Filing |
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-08-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2026-02-10 | Gilbert Ray Cisneros | Sale | $1,001 - $15,000 |
| 2026-01-29 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2026-01-09 | Gilbert Ray Cisneros | Purchase | $1,001 - $15,000 |
| 2025-04-08 | Robert P. Bresnahan | Sale (Full) | $1,001 - $15,000 |
| 2025-03-19 | Dave Min | Sale (Full) | $1,001 - $15,000 |
| 2025-02-25 | Robert P. Bresnahan | Sale (Full) | $1,001 - $15,000 |
| 2024-09-09 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2024-03-25 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2024-02-01 | Josh S. Gottheimer | Sale (Full) | $1,001 - $15,000 |
| 2023-11-03 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-10-16 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2023-09-15 | Josh S. Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2023-07-14 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2023-06-26 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-06-13 | Josh S. Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2023-05-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-05-12 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2023-04-24 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2023-04-19 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2023-04-06 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2021-09-16 | Katherine M. Clark | Sale (Full) | $15,001 - $50,000 |
| 2021-06-04 | Katherine M. Clark | Purchase | $1,001 - $15,000 |
| 2021-04-09 | Sara Jacobs | Sale (Full) | $15,001 - $50,000 |
| 2021-02-19 | Sara Jacobs | Sale (Partial) | $1,001 - $15,000 |
| 2020-11-05 | Katherine M. Clark | Purchase | $1,001 - $15,000 |
| 2020-04-30 | Peter Welch | Sale (Full) | $1,001 - $15,000 |
| 2018-12-18 | Peter Welch | Purchase | $1,001 - $15,000 |
| 2018-06-04 | Carlos Curbelo | Purchase | $1,001 - $15,000 |
| 2018-06-01 | Peter Welch | Sale (Full) | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
FSLR exhibits genuinely strong fundamentals — high liquidity (85), solid profitability (net margin ~29%), and near-zero leverage — but the event-driven layer is a net negative: the patent lawsuit catalyst is weak (score…
The first sentence of the analysis written for FSLR on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Neutral signal
Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Supports a bullish reading. 2 purchase disclosures year to date
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 2.67 · operating margin 31%
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | |
| Ebit Margin | 31.1% | 34.4% | 27.2% | 0.8% | 20.0% | |
| Ebitda Margin | 41.3% | 44.4% | 36.5% | 11.1% | 28.9% | |
| Operating Profit Margin | 30.6% | 33.2% | 25.8% | -1.0% | 20.1% | |
| Pretax Profit Margin | 30.3% | 33.4% | 26.9% | 0.3% | 19.6% | |
| Continuous Operations Profit Margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | |
| Net Profit Margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | |
| Bottom Line Profit Margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | |
| Current Ratio | 2.675 | 2.450 | 3.548 | 3.652 | 4.390 | |
| Quick Ratio | 2.199 | 1.801 | 2.774 | 2.898 | 3.263 | |
| Solvency Ratio | 0.544 | 0.414 | 0.310 | 0.093 | 0.501 | |
| Cash Ratio | 1.244 | 0.780 | 1.491 | 1.427 | 1.996 | |
| Price To Earnings Ratio | 18.332 | 14.601 | 22.144 | -365.341 | 19.764 | |
| Price To Earnings Growth Ratio | 1.015 | 0.265 | -0.011 | 3.343 | 1.143 | |
| Forward Price To Earnings Growth Ratio | 1.015 | 0.265 | -0.011 | 3.343 | 1.143 | |
| Price To Earnings Diluted Ratio | 18.384 | 14.662 | 22.258 | -365.341 | 19.900 | |
| Price To Earnings Diluted Growth Ratio | 1.009 | 0.265 | -0.011 | 3.341 | 1.142 | |
| Price To Book Ratio | 2.937 | 2.364 | 2.751 | 2.735 | 1.554 | |
| Price To Sales Ratio | 5.367 | 4.484 | 5.544 | 6.093 | 3.168 | |
| Price To Free Cash Flow Ratio | 23.595 | -61.220 | -23.452 | -527.857 | -30.594 | |
| Price To Operating Cash Flow Ratio | 13.618 | 15.485 | 30.549 | 18.274 | 38.988 | |
| Debt To Assets Ratio | 0.037 | 0.059 | 0.060 | 0.028 | 0.054 | |
| Debt To Equity Ratio | 0.052 | 0.090 | 0.093 | 0.040 | 0.067 | |
| Debt To Capital Ratio | 0.050 | 0.083 | 0.085 | 0.039 | 0.063 | |
| Long Term Debt To Capital Ratio | 0.029 | 0.045 | 0.065 | 0.031 | 0.038 | |
| Financial Leverage Ratio | 1.397 | 1.520 | 1.550 | 1.414 | 1.244 | |
| Working Capital Turnover Ratio | 1.538 | 1.327 | 1.091 | 1.004 | 1.262 | |
| Operating Cash Flow Ratio | 0.913 | 0.586 | 0.461 | 0.841 | 0.327 | |
| Operating Cash Flow Sales Ratio | 0.394 | 0.290 | 0.181 | 0.333 | 0.081 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.577 | -0.253 | -1.303 | -0.035 | -1.274 | |
| Debt Service Coverage Ratio | 8.080 | 6.373 | 10.547 | 19.451 | 43.622 | |
| Interest Coverage Ratio | 36.185 | 35.874 | 66.122 | -2.228 | 44.766 | |
| Short Term Operating Cash Flow Coverage Ratio | 9.525 | 5.152 | 6.258 | 0.000 | 60.975 | |
| Operating Cash Flow Coverage Ratio | 4.126 | 1.694 | 0.965 | 3.730 | 0.596 | |
| Capital Expenditure Coverage Ratio | 2.365 | 0.798 | 0.434 | 0.967 | 0.440 | |
| Dividend Paid And Capex Coverage Ratio | 2.365 | 0.798 | 0.434 | 0.967 | 0.440 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 11.934 | 9.610 | 14.086 | 50.639 | 9.714 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 40.6% | ▼-3.5% | ▲10.3% |
| Ebit Margin | 31.1% | ▼-3.2% | ▲8.4% |
| Ebitda Margin | 41.3% | ▼-3.1% | ▲8.8% |
| Operating Profit Margin | 30.6% | ▼-2.6% | ▲8.9% |
| Pretax Profit Margin | 30.3% | ▼-3.1% | ▲8.2% |
| Continuous Operations Profit Margin | 29.3% | ▼-1.4% | ▲9.4% |
| Net Profit Margin | 29.3% | ▼-1.4% | ▲9.4% |
| Bottom Line Profit Margin | 29.3% | ▼-1.4% | ▲9.4% |
| Current Ratio | 2.675 | ▲0.225 | ▼-0.668 |
| Quick Ratio | 2.199 | ▲0.398 | ▼-0.388 |
| Solvency Ratio | 0.544 | ▲0.130 | ▲0.172 |
| Cash Ratio | 1.244 | ▲0.463 | ▼-0.144 |
| Price To Earnings Ratio | 18.332 | ▲3.730 | ▲76.432 |
| Price To Earnings Growth Ratio | 1.015 | ▲0.750 | ▼-0.136 |
| Forward Price To Earnings Growth Ratio | 1.015 | ▲0.750 | ▼-0.136 |
| Price To Earnings Diluted Ratio | 18.384 | ▲3.721 | ▲76.411 |
| Price To Earnings Diluted Growth Ratio | 1.009 | ▲0.744 | ▼-0.140 |
| Price To Book Ratio | 2.937 | ▲0.573 | ▲0.469 |
| Price To Sales Ratio | 5.367 | ▲0.883 | ▲0.436 |
| Price To Free Cash Flow Ratio | 23.595 | ▲84.815 | ▲147.501 |
| Price To Operating Cash Flow Ratio | 13.618 | ▼-1.867 | ▼-9.765 |
| Debt To Assets Ratio | 0.037 | ▼-0.022 | ▼-0.010 |
| Debt To Equity Ratio | 0.052 | ▼-0.038 | ▼-0.016 |
| Debt To Capital Ratio | 0.050 | ▼-0.033 | ▼-0.014 |
| Long Term Debt To Capital Ratio | 0.029 | ▼-0.016 | ▼-0.013 |
| Financial Leverage Ratio | 1.397 | ▼-0.123 | ▼-0.028 |
| Working Capital Turnover Ratio | 1.538 | ▲0.211 | ▲0.294 |
| Operating Cash Flow Ratio | 0.913 | ▲0.326 | ▲0.287 |
| Operating Cash Flow Sales Ratio | 0.394 | ▲0.105 | ▲0.138 |
| Free Cash Flow Operating Cash Flow Ratio | 0.577 | ▲0.830 | ▲1.035 |
| Debt Service Coverage Ratio | 8.080 | ▲1.707 | ▼-9.535 |
| Interest Coverage Ratio | 36.185 | ▲0.311 | ▲0.041 |
| Short Term Operating Cash Flow Coverage Ratio | 9.525 | ▲4.373 | ▼-6.857 |
| Operating Cash Flow Coverage Ratio | 4.126 | ▲2.432 | ▲1.904 |
| Capital Expenditure Coverage Ratio | 2.365 | ▲1.567 | ▲1.364 |
| Dividend Paid And Capex Coverage Ratio | 2.365 | ▲1.567 | ▲1.364 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 11.934 | ▲2.324 | ▼-7.263 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $28.01B | $18.86B | $18.40B | $15.96B | $9.26B | |
| Enterprise value | $25.71B | $17.96B | $17.08B | $14.71B | $8.21B | |
| EV / Sales | 4.93x | 4.27x | 5.15x | 5.62x | 2.81x | |
| EV / Op. cash flow | 12.50x | 14.74x | 28.35x | 16.85x | 34.56x | |
| EV / Free cash flow | 21.65x | -58.29x | -21.77x | -486.61x | -27.12x | |
| EV / EBITDA | 11.93x | 9.61x | 14.09x | 50.64x | 9.71x | |
| Net debt / EBITDA | -1.07x | -0.48x | -1.09x | -4.29x | -1.25x | |
| Current ratio | 2.67x | 2.45x | 3.55x | 3.65x | 4.39x | |
| Income quality | 1.35x | 0.94x | 0.72x | -19.77x | 0.51x | |
| Graham number | $169 | $142 | $105 | — | $75 | |
| Graham net-net | $10 | -$3 | -$0 | $8 | $11 | |
| Tax burden | 96.7% | 91.9% | 93.2% | -513.7% | 81.9% | |
| Interest burden | 97.3% | 97.3% | 98.6% | 41.3% | 97.8% | |
| Working capital | $3.77B | $3.01B | $3.33B | $2.75B | $2.46B | |
| Invested capital | $9.53B | $8.65B | $7.92B | $6.43B | $5.60B | |
| Return on assets | 11.5% | 10.7% | 8.0% | -0.5% | 6.3% | |
| Operating ROA | 12.6% | 12.4% | 9.2% | -0.3% | 8.1% | |
| Return on tangible assets | 11.5% | 10.7% | 8.1% | -0.5% | 6.4% | |
| Return on equity | 16.0% | 16.2% | 12.4% | -0.8% | 7.9% | |
| Return on invested capital | 13.7% | 12.4% | 8.7% | 1.9% | 7.2% | |
| Return on capital employed | 14.4% | 13.9% | 9.5% | -0.4% | 8.8% | |
| Earnings yield | 5.5% | 6.9% | 4.5% | -0.3% | 5.1% | |
| Free cash flow yield | 4.2% | -1.6% | -4.3% | -0.2% | -3.3% | |
| Capex / Op. cash flow | 42.3% | 125.3% | 230.3% | 103.5% | 227.4% | |
| Capex / Depreciation | 164.4% | 360.4% | 450.3% | 335.0% | 207.9% | |
| Capex / Sales | 16.7% | 36.3% | 41.8% | 34.5% | 18.5% | |
| SG&A / Sales | 3.9% | 4.5% | 6.0% | 6.3% | 5.8% | |
| R&D / Sales | 4.5% | 4.5% | 4.6% | 4.3% | 3.4% | |
| Stock comp / Sales | 0.4% | 0.7% | 1.0% | 1.1% | 0.7% | |
| Intangibles / Total assets | 0.6% | 0.7% | 0.9% | 0.6% | 0.8% | |
| Days sales outstanding | 136d | 157d | 155d | 46d | 57d | |
| Days payables outstanding | 48d | 75d | 37d | 49d | 32d | |
| Operating cycle | 262d | 367d | 338d | 158d | 193d | |
| Cash conversion cycle | 214d | 292d | 300d | 109d | 161d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▲+48.5%EV / Sales ▲+15.4%EV / EBITDA ▲+24.2%EV / Op. cash flow ▼-2.246Earnings yield ▼-0.014Graham number ▲+26.574
Profitability
Return on equity ▼-0.002Return on assets ▲+0.008Return on invested capital ▲+0.012Return on capital employed ▲+0.005Operating ROA ▲+0.002Income quality ▲+0.403Tax burden ▲+0.048
Efficiency
Days sales outstanding ▼-21.322Days payables outstanding ▼-27.152Operating cycle ▼-104.539Cash conversion cycle ▼-77.387Capex / Sales ▼-0.196R&D / Sales ▼-0.001
Balance-sheet strength
Current ratio ▲+0.225Net debt / EBITDA ▼-0.587Working capital ▲+763139000.000Invested capital ▲+880818000.000Intangibles / Total assets ▼-0.001
Change over 5 years
Valuation
Market cap ▲+202.5%EV / Sales ▲+75.4%EV / EBITDA ▲+22.9%EV / Op. cash flow ▼-22.062Earnings yield ▲+0.004Graham number ▲+94.276
Profitability
Return on equity ▲+0.082Return on assets ▲+0.052Return on invested capital ▲+0.065Return on capital employed ▲+0.057Operating ROA ▲+0.045Income quality ▲+0.839Tax burden ▲+0.148
Efficiency
Days sales outstanding ▲+78.858Days payables outstanding ▲+15.613Operating cycle ▲+68.872Cash conversion cycle ▲+53.259Capex / Sales ▼-0.018R&D / Sales ▲+0.011
Balance-sheet strength
Current ratio ▼-1.716Net debt / EBITDA ▲+0.175Working capital ▲+1310365000.000Invested capital ▲+3933866000.000Intangibles / Total assets ▼-0.002
Employee count
Peer market caps
Recent news
- 2026-10-03 Investors Purchase High Volume of Put Options on First Solar (NASDAQ:FSLR) First Solar, Inc. (NASDAQ: FSLR - Get Free Report) saw unusually large options trading activity on Thursday. Stock investors bought 31,358 put options on the stock. This represents an increase of 21% compared to the typical daily volume of 25,870 put options. Wall Street Analysts Forecast Growth Several research firms recently issued reports on FSLR. Jefferies
- 2026-10-02 First Solar Sues Corning Subsidiary, Chinese Rival Over Patent Infringement First Solar stock rose about 2% on Friday, a day after it filed the lawsuit.
- 2026-10-01 First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors First Solar (FSLR) reached $172.11 at the closing of the latest trading day, reflecting a -1.74% change compared to its last close.
- 2026-10-01 First Solar Files Patent Infringement Lawsuit Against JA Solar & American Panel Solutions PHOENIX--(BUSINESS WIRE)-- #AmericanSolar--First Solar, Inc. (Nasdaq: FSLR) ("First Solar") today announced it has filed a lawsuit against JA Solar Technology Co., Ltd., JA Solar International, Ltd., JA Solar Vietnam Co., Ltd. and JA Solar Industrial Corp. (collectively, "JA Solar"), together with American Panel Solutions LLC ("AMPS"), alleging infringement of First Solar''s US Patent No. 9,130,074 (the "''074 Patent"). The ''074 Patent covers methods of manufacturing Tunnel Oxide Passivated Contact ("TOPCon") cry.
- 2026-10-01 Will First Solar (FSLR) Beat Estimates Again in Its Next Earnings Report? First Solar (FSLR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 2026-09-30 Investors Heavily Search First Solar, Inc. (FSLR): Here is What You Need to Know Recently, Zacks.com users have been paying close attention to First Solar (FSLR). This makes it worthwhile to examine what the stock has in store.
- 2026-09-30 First Solar, Inc. (NASDAQ:FSLR) Receives Consensus Rating of “Moderate Buy” from Analysts Shares of First Solar, Inc. (NASDAQ: FSLR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirty-seven research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twenty-three have assigned a buy recommendation
- 2026-09-29 First Solar: Why The Market Still Doesn''t Believe The Story (Rating Downgrade) First Solar, Inc. has declined approximately 35% since my bullish thesis in June, underperforming due to sector-wide pressures. FSLR''s stock has dropped 44.9% from its all-time high, with recent political developments and sector sentiment accelerating the decline. The solar sector broadly faces challenges, with Enphase and SolarEdge also experiencing steep declines, suggesting systemic rather than company-specific issues.
- 2026-09-29 Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 2026-09-28 This First Solar Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.