First Solar Inc [FSLR] stock is trading at $166.23, down -0.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The FSLR shares have gain 3.74% over the last week, with a monthly amount drifted -10.85%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
First Solar Inc [NASDAQ: FSLR] stock has seen the most recent analyst activity on January 16, 2025, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $274 for it. On October 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $260 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $254 on October 22, 2024. Truist initiated its recommendation with a Buy and recommended $300 as its price target on September 26, 2024. In a note dated August 14, 2024, Clarksons Platou initiated an Buy rating and provided a target price of $270 on this stock.
First Solar Inc [FSLR] stock has fluctuated between $135.88 and $306.77 over the past year. Currently, Wall Street analysts expect the stock to reach $264.6 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $166.23 at the most recent close of the market. An investor can expect a potential return of 59.18% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
First Solar Inc [NASDAQ:FSLR] reported sales of 3.85B for the trailing twelve months, which represents a growth of 10.81%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 162.49 points at the first support level, and at 158.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.93, and for the 2nd resistance point, it is at 173.64.
Ratios To Look Out For
For context, First Solar Inc’s Current Ratio is 2.14. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 4.62, the price to book ratio is 2.34 and price to earnings (TTM) ratio is 14.32.
Transactions by insiders
Recent insider trading involved Gloeckler Markus, Chief Technology Officer, that happened on Oct 31 ’24 when 3601.0 shares were sold. Officer, Gloeckler Markus completed a deal on Oct 31 ’24 to buy 3601.0 shares. Meanwhile, Chief Product Officer Buehler Patrick James sold 8619.0 shares on Aug 13 ’24.
