NEW YORK, NY / ACCESSWIRE / May 31, 2017 / Shares of Zynga climbed a lot higher on Tuesday after it was revealed that Piper Jaffray has a $4 target on the stock now. A 15% increase from this past Friday's closing price. First Solar also saw shares move to the north after raised earnings estimates for the current quarter and year thrilled investors.

RDI Initiates Coverage on:

Zynga Inc.
https://ub.rdinvesting.com/news/?ticker=ZNGA

First Solar, Inc.
https://ub.rdinvesting.com/news/?ticker=FSLR

Zynga Inc.'s shares gained major steam on Tuesday after the stock was upgraded by Bank of America Merrill Lynch to "neutral." The bank also upped its price target on shares by 30%. Piper Jaffray also upped its grading on the stock from "neutral" to "overweight" and cite confidence in Zynga's management team to improve the company's financial results. Many people on Zynga's team hail from video gaming giant Electronic Arts Inc. and while there helped the company's turnaround. "We have confidence in management as most of the key players have come out of Electronic Arts and are following the same turnaround playbook that EA successfully implemented," analyst Michael Olson wrote in a note. "2017 will be a year of monetizing existing games through live services, while continuing to right-size expenses." Piper Jaffray also has a $4 price target on shares which has traders feeling pretty good. Zynga shares closed at $3.60 yesterday up 3.15%.

Access RDI's Zynga Research Report at:
https://ub.rdinvesting.com/news/?ticker=ZNGA

First Solar, Inc.'s shares grew stronger in Tuesday trading on growing earnings. 30 days ago estimates had called for a loss of seven cents a share for the current quarter, while today they call for a loss of three cents. The current year estimates have moved higher from 33 cents 30 days ago to 53 cents today. An improvement of 57.1% for the current quarter and an improvement of 60.6% for the year. No wonder the market was pumped up after seeing this. Shares of FSLR have moved over 25% in the last four weeks and it seems traders are becoming more confident with the stock. Earlier this month the company reported first quarter earnings and saw net sales of $892 million, a growth from $561 million over the previous quarter. It also beat the Street estimate of revenue by 5.1%. CEO Mark Widmar commented, "The transition to our Series 6 product continues to progress from both a technology and commercial standpoint. We are excited about the competitive position of Series 6 and the long-term opportunities it enables." First Solar moved to a larger format with its Series 6 modules which are 120 x 180 cm, and have expected output of over 400 watts. Shares closed up 7.22% yesterday.

Access RDI's First Solar Research Report at:
https://ub.rdinvesting.com/news/?ticker=FSLR

Our Actionable Research on Zynga Inc. (NASDAQ: ZNGA) and First Solar, Inc. (NASDAQ: FSLR) can be downloaded free of charge at Research Driven Investing.

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