First Solar Inc. [NASDAQ: FSLR] price surged by 5.26 percent to reach at $3.2. The company report on July 29, 2020 that First Solar Announces COO Tymen deJong to Retire and Senior Leadership Changes.
First Solar, Inc. (Nasdaq: FSLR) today announced that Philip Tymen deJong, Chief Operating Officer (COO), has decided to retire from the Company, effective April 2021. In addition, First Solar announced a series of senior leadership changes.
Mr. deJong’s successful career spans over four decades, with ten years of service to First Solar, five of which includes his tenure as COO. Among his many achievements, Mr. deJong played a fundamental role in establishing the Company’s international Series 6 module manufacturing footprint with five announced factories currently in production, and a sixth on track to commence production during the first quarter of 2021.
A sum of 1514758 shares traded at recent session while its average daily volume was at 1.34M shares. First Solar Inc. shares reached a high of $64.23 and dropped to a low of $61.20 until finishing in the latest session at $64.04.
The one-year FSLR stock forecast points to a potential downside of -13.45. The average equity rating for FSLR stock is currently 2.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on First Solar Inc. [FSLR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSLR shares is $56.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSLR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for First Solar Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 27, 2020. The new note on the price target was released on March 31, 2020, representing the official price target for First Solar Inc. stock. Previously, the target price had yet another raise to $65, while Raymond James analysts kept a Outperform rating on FSLR stock.
The Average True Range (ATR) for First Solar Inc. is set at 2.42, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 14.21.
FSLR Stock Performance Analysis:
First Solar Inc. [FSLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.31. With this latest performance, FSLR shares gained by 19.90% in over the last four-week period, additionally plugging by 21.59% over the last 6 months – not to mention a rise of 3.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSLR stock in for the last two-week period is set at 65.56, with the RSI for the last a single of trading hit 69.40, and the three-weeks RSI is set at 65.16 for First Solar Inc. [FSLR]. The present Moving Average for the last 50 days of trading for this stock 54.04, while it was recorded at 60.85 for the last single week of trading, and 49.75 for the last 200 days.
Insight into First Solar Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and First Solar Inc. [FSLR] shares currently have an operating margin of +8.02 and a Gross Margin at +17.88. First Solar Inc.’s Net Margin is presently recorded at -3.75.
Return on Total Capital for FSLR is now 4.32, given the latest momentum, and Return on Invested Capital for the company is -2.03. Return on Equity for this stock declined to -2.23, with Return on Assets sitting at -1.57. When it comes to the capital structure of this company, First Solar Inc. [FSLR] has a Total Debt to Total Equity ratio set at 11.68. Additionally, FSLR Total Debt to Total Capital is recorded at 10.46, with Total Debt to Total Assets ending up at 7.92. Long-Term Debt to Equity for the company is recorded at 11.12, with the Long-Term Debt to Total Capital now at 9.96.
Reflecting on the efficiency of the workforce at the company, First Solar Inc. [FSLR] managed to generate an average of -$17,414 per employee. Receivables Turnover for the company is 4.62 with a Total Asset Turnover recorded at a value of 0.42.First Solar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.80.
FSLR Stock EPS
With the latest financial reports released by the company, First Solar Inc. posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -700.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSLR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Solar Inc. go to 25.99%.
First Solar Inc. [FSLR] Insider Position Details
There are presently around $4,115 million, or 71.60% of FSLR stock, in the hands of institutional investors. The top three institutional holders of FSLR stocks are: BLACKROCK INC. with ownership of 9,312,045, which is approximately 9.61% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 7,202,377 shares of the stock with an approximate value of $461.24 million in FSLR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $317.15 million in FSLR stock with ownership of nearly 7.616% of the company’s market capitalization.
189 institutional holders increased their position in First Solar Inc. [NASDAQ:FSLR] by around 9,580,182 shares. Additionally, 182 investors decreased positions by around 10,544,067 shares, while 75 investors held positions by with 44,136,218 shares. The mentioned changes placed institutional holdings at 64,260,467 shares, according to the latest SEC report filing. FSLR stock had 58 new institutional investments in for a total of 2,255,077 shares, while 68 institutional investors sold positions of 4,836,426 shares during the same period.