First Solar Inc. [NASDAQ: FSLR] closed the trading session at $91.27 on 07/07/21. The day’s price range saw the stock hit a low of $90.4014, while the highest price level was $94.08. The company report on June 9, 2021 that First Solar to Invest $680m in Expanding American Solar Manufacturing Capacity by 3.3 GW.
New manufacturing facility in Ohio will be company’s third in the United States.
Factory of the future will expand First Solar’s US manufacturing footprint to 6 GW.
The stocks have a year to date performance of -7.73 percent and weekly performance of -1.51 percent. The stock has been moved at -0.97 percent over the last six months. The stock has performed 21.68 percent around the most recent 30 days and changed 12.68 percent over the most recent 3-months.
If compared to the average trading volume of 2.24M shares, FSLR reached to a volume of 1885654 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $85.26 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 2.60. 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.
BofA Securities have made an estimate for First Solar Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2021. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on June 25, 2021, representing the official price target for First Solar Inc. stock. On April 22, 2021, analysts increased their price target for FSLR shares from 65 to 84.
The Average True Range (ATR) for First Solar Inc. is set at 3.14, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 3.23. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 14.55.
FSLR stock trade performance evaluation
First Solar Inc. [FSLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.51. With this latest performance, FSLR shares gained by 21.68% in over the last four-week period, additionally sinking by -0.97% over the last 6 months – not to mention a rise of 71.69% 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 70.33, with the RSI for the last a single of trading hit 74.20, and the three-weeks RSI is set at 65.82 for First Solar Inc. [FSLR]. The present Moving Average for the last 50 days of trading for this stock 79.02, while it was recorded at 90.79 for the last single week of trading, and 85.00 for the last 200 days.
First Solar Inc. [FSLR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and First Solar Inc. [FSLR] shares currently have an operating margin of +13.44 and a Gross Margin at +25.12. First Solar Inc.’s Net Margin is presently recorded at +14.69.
Return on Total Capital for FSLR is now 6.23, given the latest momentum, and Return on Invested Capital for the company is 6.86. Return on Equity for this stock inclined to 7.50, with Return on Assets sitting at 5.45. When it comes to the capital structure of this company, First Solar Inc. [FSLR] has a Total Debt to Total Equity ratio set at 8.74. Additionally, FSLR Total Debt to Total Capital is recorded at 8.03, with Total Debt to Total Assets ending up at 6.78. Long-Term Debt to Equity for the company is recorded at 7.73, with the Long-Term Debt to Total Capital now at 7.11.
Reflecting on the efficiency of the workforce at the company, First Solar Inc. [FSLR] managed to generate an average of $78,109 per employee. Receivables Turnover for the company is 5.39 with a Total Asset Turnover recorded at a value of 0.37.First Solar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 4.70.
Earnings per share (EPS) analysis for First Solar Inc. [FSLR] stock
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 -9.90%.
First Solar Inc. [FSLR]: Insider Ownership positions
There are presently around $7,575 million, or 83.60% of FSLR stock, in the hands of institutional investors. The top three institutional holders of FSLR stocks are: BLACKROCK INC. with ownership of 14,907,811, which is approximately 17.635% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 8,767,366 shares of the stock with an approximate value of $800.2 million in FSLR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $688.53 million in FSLR stock with ownership of nearly -11.863% of the company’s market capitalization.
Positions in First Solar Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 258 institutional holders increased their position in First Solar Inc. [NASDAQ:FSLR] by around 11,210,505 shares. Additionally, 253 investors decreased positions by around 7,907,698 shares, while 84 investors held positions by with 63,872,298 shares. The mentioned changes placed institutional holdings at 82,990,501 shares, according to the latest SEC report filing. FSLR stock had 64 new institutional investments in for a total of 898,899 shares, while 94 institutional investors sold positions of 2,196,402 shares during the same period.