First Solar, Inc.’s Stock Price Drops to $128.82, Experiences 1.90% Decline: A Significant Market Movement

First Solar, Inc. (FSLR)

128.82 USD -2.50 (-1.90%) Volume: 3.86M

First Solar, Inc.’s stock price currently stands at 128.82 USD, reflecting a negative change of -1.90% this trading session and a significant decline of -26.91% YTD, with a trading volume of 3.86M, making it a crucial player to watch in the renewable energy sector stocks.

Latest developments on First Solar, Inc.

First Solar Inc (FSLR) has been making waves in the stock market recently with various key events impacting its stock price movement. From insider selling to shares being bought by investment firms like KLP Kapitalforvaltning AS and Mirova US LLC, the company’s stock holdings have been both increasing and decreasing. Despite some insider selling causing a 4.4% dip in trading, First Solar (NASDAQ:FSLR) has seen a 0.7% increase in trading as well. With analysts predicting the stock to potentially explode in 2025 and being highlighted as one of the best energy stocks to invest in by billionaires, the future looks promising for First Solar Inc.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have provided insightful coverage on First Solar Inc on Smartkarma. In their report titled “First Solar Inc.: Is The Expansion of U.S. Manufacturing Capacity A Positive Sign?”, they highlighted the company’s mixed financial performance in 2024 and objectives for 2025. Despite a 27% increase in net sales to $4.2 billion, the company fell short of earnings per share guidance due to unexpected costs and operational inefficiencies.

Furthermore, in another report titled “First Solar Inc.: Expansion of Global Manufacturing Capabilities Is A Key Growth Catalyst? – Major Drivers”, Baptista Research discussed First Solar’s challenging market conditions in the third quarter of 2024. The company experienced a decrease in net sales to $0.9 billion, attributed to lower megawatt volume sold and a product warranty charge. With a focus on expanding global manufacturing capabilities, First Solar faced operational setbacks and increased capital expenditure, impacting cash reserves.

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 received a positive overall outlook based on the Smartkarma Smart Scores. With a high score in Growth and Resilience, the company is positioned well for long-term success in the solar energy industry. The company’s focus on innovation and technology in manufacturing electricity-producing solar modules has contributed to its strong performance in these areas.

Although First Solar Inc may not be as strong in Dividend and Momentum, its solid Value score indicates that it is considered a good investment opportunity. Investors looking for a company with strong growth potential and resilience in the market may find First Solar Inc to be a promising choice for their portfolio.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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