First Solar, Inc.’s Stock Price Dips to $192.41, Marking a 4.46% Decline: Is it Time to Buy?

First Solar, Inc. (FSLR)

192.41 USD -8.99 (-4.46%) Volume: 3.67M

First Solar, Inc.’s stock price currently stands at 192.41 USD, experiencing a trading session decrease of 4.46%, with a trading volume of 3.67M. Despite today’s decline, FSLR showcases a positive YTD performance with a percentage change of +11.68%, reflecting its resilient market presence.

Latest developments on First Solar, Inc.

First Solar Inc‘s stock price saw a significant boost today after Citi upgraded the company to a Buy rating, citing potential benefits regardless of the election outcome. The bullish note from Citigroup comes amidst growing optimism about First Solar’s performance, with expectations of earnings growth ahead of next week’s release. Additionally, Eastern Bank and Western Financial Corp CA recently acquired shares in First Solar, Inc, further indicating investor confidence in the company’s future prospects. The positive sentiment towards First Solar was also reflected in the high options volume and the stock’s recent upgrade by Citigroup. Overall, the market seems to be responding positively to First Solar’s recent developments, with module pricing concerns easing and a Buy rating from Citigroup contributing to the stock’s upward movement.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring First Solar Inc‘s performance and growth strategies. In their report titled “First Solar Inc.: Domestic Market Expansion Through Government Incentives & Other Major Drivers,” the analysts highlight the company’s solid operating and financial results in the second quarter of 2024. Despite facing external uncertainties such as policy changes and supply conditions, First Solar reported an earnings per share of $3.25 and a net cash balance of $1.2 billion. The analysts remain bullish on the company’s efforts to strengthen its business fundamentals.

In another report by Baptista Research titled “First Solar Inc.: Expansion of Production Capacity & Expected Impact On The Top-Line! – Major Drivers,” analysts delve into the company’s first quarter financial results in 2024. The report emphasizes First Solar’s robust performance and focus on long-term competitiveness. With year-to-date bookings of 2.7 gigawatts and plans to increase production of Series 7 modules, First Solar aims to boost growth and financial performance. The analysts maintain a positive outlook on the company’s expansion strategies.

A look at First Solar, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

First Solar Inc has a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in Growth and Resilience, the company is positioned for steady expansion and the ability to withstand market challenges. While its Value and Momentum scores are average, its high score in Growth indicates potential for future success in the solar industry.

First Solar Inc, a company that designs and manufactures solar modules using thin film semiconductor technology, receives mixed ratings in its Smartkarma Smart Scores. While it excels in Growth and Resilience, its low score in Dividend suggests limited returns for investors seeking income. However, with a solid foundation in innovation and market adaptability, First Solar Inc remains a key player in the renewable energy sector.

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