First Solar, Inc.’s Stock Price Drops to $273.61, Reflecting a 6.16% Decrease

First Solar, Inc. (FSLR)

273.61 USD -17.95 (-6.16%) Volume: 3.17M

First Solar, Inc.’s stock price currently stands at 273.61 USD, experiencing a decrease of -6.16% this trading session with a trading volume of 3.17M. Despite today’s dip, the clean energy company’s stock showcases a robust performance with a Year-to-Date (YTD) increase of +58.82%, attracting investors interested in sustainable investments.

Latest developments on First Solar, Inc.

First Solar Inc (NASDAQ:FSLR) has been making significant moves in the stock market recently. With analysts boosting earnings estimates and giving the company a new price target, the stock hit a new 52-week high after an upgrade. There is growing interest in the solar industry, with the potential for NorSun to establish its first solar plant in the U.S. in Tulsa. Despite some fluctuations due to market signals, First Solar shares continue to retain an outperform rating, indicating strong demand growth. Investors are keeping a close eye on the company’s options activity, as it looks to further grow its returns on capital.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have been closely covering First Solar Inc on Smartkarma, an independent investment research network. In their report titled “First Solar Inc.: Expansion of Production Capacity & Expected Impact On The Top-Line! – Major Drivers,” they highlighted the company’s strong operating performance in the first quarter of 2024. First Solar is focused on increasing production of Series 7 modules and expanding manufacturing facilities to drive growth and improve financial performance.

Another report by Baptista Research, “First Solar Inc: Can The Expansion Into The Indian Market Be A Game Changer? – Major Drivers,” discussed the company’s significant achievements in 2023, including expanded manufacturing capacity and a record volume of modules produced. The analysts emphasized First Solar’s balanced business model, focusing on growth, profitability, and liquidity. They also conducted an independent valuation using a Discounted Cash Flow methodology to evaluate the company’s potential price movements.

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 positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Its innovative thin film semiconductor technology sets it apart in the solar industry, indicating potential for continued growth and development.

Although First Solar Inc may not score as high in terms of Dividend, its overall outlook remains strong. The company’s focus on value, coupled with its impressive momentum, suggests that it is a solid investment choice for those looking for growth opportunities in the renewable energy sector. With a track record of designing and manufacturing top-quality solar modules, First Solar Inc is a key player in the industry with promising prospects ahead.

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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