First Solar, Inc.’s Stock Price Soars to $191.55, Marking a Robust 6.12% Increase

First Solar, Inc. (FSLR)

191.55 USD +11.04 (+6.12%) Volume: 3.01M

First Solar, Inc.’s stock price is currently performing strongly at 191.55 USD, marking a significant trading session increase of +6.12%. With a robust trading volume of 3.01M and a positive year-to-date percentage change of +11.19%, FSLR’s stock continues to showcase a promising growth trend in the renewable energy sector.

Latest developments on First Solar, Inc.

First Solar Inc‘s (FSLR) stock has been on a bullish run, bolstered by impressive Q1 2024 results that surpassed analyst earnings and revenue estimates. The company broke its module production record with 3.6GW, attributing the success to strong demand. Additionally, First Solar secured a major order for advanced solar modules from MN8 Energy LLC, amounting to 457 MW. However, the company faced a setback when a lightning strike caused a fire at one of its buildings. Despite this, First Solar continued to shine, posting higher quarterly profits and beating revenue expectations, indicating a positive market response to its fundamentals.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have published insightful reports on First Solar Inc on Smartkarma, highlighting the company’s significant achievements and growth prospects. In their report “First Solar Inc: Can The Expansion Into The Indian Market Be A Game Changer? – Major Drivers,” they note the company’s expanded manufacturing capacity, record module production, and increased investments in R&D. With a focus on maintaining a balanced business model, First Solar secured a substantial backlog and remains oversold through 2026. Baptista Research aims to evaluate various factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.

In another report by Baptista Research titled “First Solar Inc.: Poised to Dominate the Solar Industry by 2026? – Major Drivers,” analysts discuss the company’s recent performance, with revenues falling below analyst consensus in the previous quarter. Despite this, First Solar’s manufacturing updates demonstrate their capabilities, with Series 6 modules achieving significant capacity in Q3 and the Ohio factory showing potential for high-volume Series 7 manufacturing. The report also includes a fundamental analysis of the company’s historical financial statements, providing valuable insights for investors on Smartkarma.

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, a company that designs and manufactures solar modules, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in growth, resilience, and momentum, its value and dividend scores are lower. This indicates that First Solar may have strong potential for growth and resilience in the long term, but investors looking for value or dividend income may need to consider other options.

Overall, First Solar Inc‘s Smartkarma Smart Scores suggest a positive long-term outlook for the company, with strong potential for growth, resilience, and momentum. However, investors should be aware of the lower scores in value and dividend factors. As the company continues to design and manufacture solar modules using thin film semiconductor technology, it will be interesting to see how these factors play out in the future.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma