First Solar, Inc.’s Stock Price Soars to $131.32, Marking a Positive Leap of 2.23%

First Solar, Inc. (FSLR)

131.32 USD +2.86 (+2.23%) Volume: 4.51M

First Solar, Inc.’s stock price currently stands at 131.32 USD, witnessing a positive trading session with a 2.23% rise, attracting a trading volume of 4.51M. Despite the recent uptick, the stock has experienced a -25.49% downturn Year-To-Date, reflecting its volatile performance in the renewable energy sector.

Latest developments on First Solar, Inc.

First Solar Inc (NASDAQ:FSLR) has been making headlines recently with various insider selling activities, including the CEO, CFO, and general counsel offloading significant amounts of stock. Despite this, some investors seem bullish on the company, as evidenced by Blueshift Asset Management LLC taking a $573,000 position in First Solar. Avantax Advisory Services Inc. and Commonwealth Equity Services LLC have also boosted their stock positions in the company, while Cibc World Markets Corp and GM Advisory Group LLC have purchased shares. On the other hand, Zacks Research has a weak outlook for First Solar’s Q1 earnings, leading to fluctuations in the stock price. With mixed signals from insiders and analysts, investors are closely monitoring First Solar’s performance, especially in comparison to the general market and other renewable energy stocks.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring First Solar Inc‘s performance and growth prospects. 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 results for 2024 and objectives for 2025. Despite recording a 27% increase in net sales to $4.2 billion, First Solar’s diluted earnings per share fell short of expectations at $12.02, attributed to unexpected costs and operational inefficiencies.

Furthermore, Baptista Research‘s report “First Solar Inc.: Expansion of Global Manufacturing Capabilities Is A Key Growth Catalyst? – Major Drivers” discussed the company’s third-quarter financial results for 2024. While facing challenges in the market and operational setbacks, First Solar achieved a net sales of $0.9 billion. However, a decrease in megawatt volume sold and a $50 million product warranty charge impacted the performance. The analysts noted a decline in cash reserves due to capital expenditure on new facilities and increased working capital requirements.

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 high score for growth, indicating a positive long-term outlook for the company. With a strong focus on expanding and developing its business, First Solar is positioned to capitalize on opportunities in the solar energy industry. Additionally, the company’s high resilience score suggests that it is well-equipped to weather any potential challenges that may arise in the future.

Although First Solar Inc does not score as well in terms of dividends and momentum, its high value score reflects the company’s solid financial standing. This, combined with its strong growth potential and resilience, bodes well for the company’s long-term prospects. Overall, First Solar’s smart scores point towards a promising future in the solar energy sector.

Summary: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.

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