First Solar, Inc.’s Stock Price Takes a Dip to $175.96, Recording a 3.57% Drop

First Solar, Inc. (FSLR)

175.96 USD -6.52 (-3.57%) Volume: 1.61M

First Solar, Inc.’s stock price stands at 175.96 USD, experiencing a decrease of -3.57% in the latest trading session with a trading volume of 1.61M. Despite the recent dip, First Solar (FSLR) has managed to yield a positive Year-To-Date (YTD) percentage change of +2.14%, reflecting its resilience in the stock market.

Latest developments on First Solar, Inc.

First Solar Inc (NASDAQ:FSLR) has seen notable stock price movements today following a series of significant events. Valeo Financial Advisors LLC has acquired 2060 shares in the company, while Zacks Research has issued their Q4 2024 earnings estimate for First Solar. The company has also been given an average rating of “Moderate Buy” from analysts. Furthermore, Janney Montgomery Scott has initiated coverage on First Solar, and the company has received a consensus price target of $227.96 from brokerages. Lastly, First Solar is now Bull Oak Capital LLC’s 3rd largest position.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on First Solar Inc, a leading solar module manufacturer. In their report titled “First Solar Inc: Can The Expansion Into The Indian Market Be A Game Changer? – Major Drivers”, they highlight the company’s monumental year in 2023 with expanded manufacturing capacity, record module production, and increased R&D investments. With 10 new customers and 28.3 gigawatts of net bookings, First Solar’s contracted backlog is at historic levels. The report also emphasizes the company’s balanced business model focusing on growth, profitability, and liquidity.

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 mixed results in the previous quarter with revenues below analyst consensus. Despite this, manufacturing updates showcase their prowess, with Series 6 modules achieving 2.5 gigawatts in Q3. The report also highlights the Ohio factory’s potential for high-volume Series 7 manufacturing. Baptista Research conducts a fundamental analysis of First Solar Inc‘s historical financial statements in this report.

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 mixed ratings in terms of its long-term outlook according to Smartkarma Smart Scores. While the company scored high in Growth, Resilience, and Momentum, its Value and Dividend scores were lower. This suggests that First Solar Inc may have strong potential for growth and resilience in the future, but investors should be aware of its lower value and dividend offerings.

Based on the Smartkarma Smart Scores, First Solar Inc seems to have a promising long-term outlook, especially in terms of its growth potential, resilience, and momentum. With a focus on designing and manufacturing solar modules using thin film semiconductor technology, the company is positioned well to capitalize on the increasing demand for renewable energy sources. While its value and dividend scores may be lower, the company’s strengths in growth and resilience indicate a positive trajectory for First Solar Inc 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.
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