First Solar Inc [FSLR] stock is trading at $153.89, up 3.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FSLR shares have gain 6.33% over the last week, with a monthly amount glided 3.26%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, First Solar, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and 2024 Guidance. In a post published today on Yahoo Finance, Net sales of $3.3 billion for 2023 and $1.2 billion for the fourth quarter.
From an analyst’s perspective:
First Solar Inc [NASDAQ: FSLR] stock has seen the most recent analyst activity on February 14, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $195. Previously, Wells Fargo downgraded its rating to Equal Weight on January 08, 2024, and dropped its price target to $187. On December 15, 2023, Jefferies initiated with a Buy rating and assigned a price target of $211 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $237 on December 08, 2023. Mizuho initiated its recommendation with a Buy and recommended $188 as its price target on November 21, 2023. Exane BNP Paribas started tracking with a Outperform rating for this stock on October 20, 2023, and assigned it a price target of $237. In a note dated October 19, 2023, JP Morgan upgraded an Overweight rating on this stock and revised its target price from $239 to $220.
First Solar Inc [FSLR] stock has fluctuated between $129.21 and $232.00 over the past year. Currently, Wall Street analysts expect the stock to reach $173.34 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $153.89 at the most recent close of the market. An investor can expect a potential return of 12.64% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
First Solar Inc [NASDAQ:FSLR] reported sales of 3.32B for the trailing twelve months, which represents a growth of 15.58%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 150.08 points at the first support level, and at 146.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.46, and for the 2nd resistance point, it is at 161.04.
First Solar Inc [FSLR] reported earnings per share of $3.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.13/share, meaning a difference of $0.12 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.5 per share as compared to estimates of $2.06 per share, a difference of $0.44 representing a surprise of 21.40%.
Ratios To Look Out For
For context, First Solar Inc’s Current Ratio is 3.55. As well, the Quick Ratio is 2.92, while the Cash Ratio is 1.49. Considering the valuation of this stock, the price to sales ratio is 4.95, the price to book ratio is 2.46 and price to earnings (TTM) ratio is 19.91.
Transactions by insiders
Recent insider trading involved ANTOUN GEORGES, Chief Commercial Officer, that happened on Dec 19 when 2400.0 shares were sold. Chief Commercial Officer, ANTOUN GEORGES completed a deal on Dec 01 to sell 2400.0 shares. Meanwhile, Chief Manufacturing Officer Verma Kuntal Kumar sold 1621.0 shares on Oct 30.
