First Solar, Inc.’s Stock Price Soars to $151.50, Witnessing a Robust Increase of 5.82%

First Solar, Inc. (FSLR)

151.50 USD +8.33 (+5.82%) Volume: 2.75M

First Solar, Inc.’s stock price stands at 151.50 USD, witnessing a significant surge of +5.82% in the current trading session with a trading volume of 2.75M. However, the stock has seen a year-to-date decrease of -12.06%, reflecting the volatile nature of the solar energy market.

Latest developments on First Solar, Inc.

First Solar Inc (FSLR) has experienced significant stock price movements today, with a premarket rise of 3.51%. The increase follows a series of key events, including SolAmerica’s order of 205 MW of thin-film modules from First Solar and the company’s shares gapping up to $141.11. Further supporting this upward trend is the broader rise in solar stocks, with SunPower rising by 9% and First Solar by 6%. Additionally, First Solar’s recent partnerships, such as the one with Enery for Slovakia’s first Solar Farm Virtual Power Purchase Agreement and Helios’ launch of Asia’s first solar mortgage program for homeowners, have also contributed to the stock’s performance.

First Solar, Inc. on Smartkarma

First Solar Inc is a company that is being closely watched by analysts on Smartkarma, an independent investment research network. According to a recent report by Baptista Research, the company may be on track to dominate the solar industry by 2026. While their revenues for the previous quarter were below analyst expectations, their manufacturing updates have impressed, with their Series 6 modules achieving 2.5 gigawatts in Q3. Additionally, their Ohio factory has showcased the potential for high-volume Series 7 manufacturing at 97% of nameplate throughput. In their report, Baptista Research conducted a thorough analysis of the company’s historical financial statements.

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 is a company that designs and makes solar panels. They use a special technology to create these panels that can produce electricity. According to the Smartkarma Smart Scores, the company has an overall positive outlook. They score well in the categories of value, growth, resilience, and momentum, with scores of 4, 4, 4, and 3 respectively. This indicates that the company is doing well and is expected to continue to do well in the long-term.

Despite a low score in the dividend category, with a score of 1, the future looks bright for First Solar Inc. This company is a leader in the solar energy industry, and with their high scores in value, growth, resilience, and momentum, they are poised to continue their success. Their use of a unique thin film semiconductor technology sets them apart from other solar panel manufacturers and gives them a competitive edge. This, combined with their strong overall outlook, makes First Solar Inc a company to watch in the long-term.

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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