First Solar, Inc.’s Stock Price Soars to $251.75, Marking a Stellar Rise of 18.69%

First Solar, Inc. (FSLR)

251.75 USD +39.64 (+18.69%) Volume: 14.37M

First Solar, Inc.’s stock price soared to 251.75 USD, witnessing a significant increase of +18.69% this trading session with a robust trading volume of 14.37M, reflecting a compelling year-to-date performance gain of +46.13%, making it a lucrative option for investors seeking green energy stocks.

Latest developments on First Solar, Inc.

First Solar Inc‘s stock price broke out to a decade-high amidst optimism surrounding artificial intelligence and tariff policies. The company received a price target lift from Piper Sandler and UBS, leading to a surge in its stock price. With a bright growth outlook, First Solar’s stock rallied as the S&P 500 experienced gains. Analysts upgraded the stock, raising its price target to $270.00, and dubbed it as a potential AI play. First Solar also became the most valuable solar company amid struggles faced by its rivals, experiencing a 13% increase in value. The company’s stock soared over 18% after being recognized as an AI play by analysts, further solidifying its position in the market.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have been closely following First Solar Inc, a leading solar module manufacturer. In their report titled “First Solar Inc.: Expansion of Production Capacity & Expected Impact On The Top-Line! – Major Drivers,” they highlighted the company’s robust performance in the first quarter of 2024. With strong operating performance and a focus on long-term competitiveness by 2030, First Solar is planning to increase production of Series 7 modules and expand manufacturing facilities for growth.

Furthermore, Baptista Research‘s report “First Solar Inc: Can The Expansion Into The Indian Market Be A Game Changer? – Major Drivers” discussed First Solar’s successful year in 2023, with expanded manufacturing capacity and a record volume of modules produced. The company’s balanced business model focusing on growth, profitability, and liquidity has positioned them well in the market. Analysts are evaluating various factors that could influence the company’s stock price and conducting an independent valuation using a Discounted Cash Flow methodology.

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 positive scores in growth, resilience, and momentum according to Smartkarma Smart Scores. With a growth score of 4, the company is expected to experience strong growth in the long term. Additionally, a resilience score of 4 indicates that First Solar Inc is well-equipped to withstand economic challenges. Furthermore, a momentum score of 5 suggests that the company is currently performing well in the market.

Although First Solar Inc has received favorable scores in growth, resilience, and momentum, its dividend score is low at 1. This indicates that the company may not offer significant dividends to its investors. However, with a value score of 3, First Solar Inc is considered to have a fair valuation in the market. Overall, the company’s outlook appears promising, especially in terms of growth potential and market performance.

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