First Solar, Inc.’s Stock Price Soars to $171.46, Marking a Robust 2.84% Uptick

First Solar, Inc. (FSLR)

171.46 USD +4.73 (+2.84%) Volume: 3.39M

First Solar, Inc.’s stock price stands at 171.46 USD, marking a positive trading session with a rise of +2.84%, backed by a robust trading volume of 3.39M. Despite this uptick, the year-to-date percentage change remains slightly down at -0.48%, reflecting the dynamic nature of FSLR’s stock performance.

Latest developments on First Solar, Inc.

First Solar Inc‘s stock price is on the move today, influenced by several key events. The solar energy giant has outperformed its rivals, leading to a surge in trading volume, with its shares now trading 5.7% higher. Zacks Research has also boosted its FY2024 EPS estimates for the company. In addition, the State of Michigan Retirement System acquired a significant 2700 shares of the company. Meanwhile, First Solar’s Chief Commercial Officer has sold shares, and the company’s share price target stands at a promising $223.30. Market watchers are also noting unusual options activity in the company’s stock.

First Solar, Inc. on Smartkarma

First Solar Inc has been receiving a lot of attention from analysts on Smartkarma, an independent investment research network. According to Baptista Research, a provider on the platform, the company had a successful year in 2023 with increased manufacturing capacity, record module production and shipments, and a strong backlog of contracted projects. The company has also made strategic investments in research and development, adding new customers and securing a significant amount of net bookings. Baptista Research believes that First Solar’s balanced business model, focused on growth, profitability, and liquidity, will continue to drive its success in the future.

In another report by Baptista Research, First Solar Inc is predicted to dominate the solar industry by 2026. Despite delivering mixed results in the previous quarter, the company’s manufacturing updates have impressed analysts. The Series 6 modules achieved 2.5 gigawatts in Q3, and the Ohio factory has demonstrated the potential for high-volume Series 7 manufacturing. Through a fundamental analysis of the company’s historical financial statements, Baptista Research believes that First Solar is well-positioned to maintain its dominance in the solar industry in the coming years.

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 recently received Smartkarma Smart Scores for its overall outlook. The scores are based on various factors that indicate the company’s performance. First Solar Inc has received a value score of 3, dividend score of 1, growth score of 4, resilience score of 4, and momentum score of 3. These scores suggest that the company has a positive long-term outlook.

First Solar Inc is a company that designs and manufactures solar modules using thin film semiconductor technology. The company has received a high growth score of 4, which indicates that it has the potential for future growth. Its resilience score of 4 also suggests that it is well-equipped to withstand any potential challenges in the market. While its dividend score is relatively low at 1, the company’s overall outlook is positive, with an average score of 3. This indicates that First Solar Inc is a company to watch out for in the long-term.

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