First Solar Inc. [FSLR] moved up 3.88: Why It’s Important

First Solar Inc. [NASDAQ: FSLR] stock went on an upward path that rose over 3.88% on Thursday, amounting to a one-week price decrease of less than -0.45%. The company report on October 27, 2022 that First Solar to Accelerate American Thin Film PV Innovation with $270 Million Investment in Dedicated R&D Innovation Center.


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First Solar to Accelerate American Thin Film PV Innovation with $270 Million Investment in Dedicated R&D Innovation Center.

First Solar to Accelerate American Thin Film PV Innovation with $270 Million Investment in Dedicated R&D Innovation Center.

Over the last 12 months, FSLR stock rose by 41.47%. The one-year First Solar Inc. stock forecast points to a potential downside of -1.08. The average equity rating for FSLR stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $16.40 billion, with 106.60 million shares outstanding and 101.07 million shares in the current float. Compared to the average trading volume of 3.13M shares, FSLR stock reached a trading volume of 3813519 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $155.34 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 2.20. 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.

Barclays have made an estimate for First Solar Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 01, 2022. The new note on the price target was released on October 28, 2022, representing the official price target for First Solar Inc. stock. Previously, the target price had yet another raise from $88 to $150, while Evercore ISI kept a Outperform rating on FSLR stock. On September 08, 2022, analysts increased their price target for FSLR shares from 60 to 172.

The Average True Range (ATR) for First Solar Inc. is set at 8.23, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 6.50. The Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 18.45.

FSLR Stock Performance Analysis:

First Solar Inc. [FSLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.45. With this latest performance, FSLR shares gained by 23.75% in over the last four-week period, additionally plugging by 155.73% over the last 6 months – not to mention a rise of 41.47% 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 68.74, with the RSI for the last a single of trading hit 71.93, and the three-weeks RSI is set at 66.59 for First Solar Inc. [FSLR]. The present Moving Average for the last 50 days of trading for this stock 134.32, while it was recorded at 151.26 for the last single week of trading, and 92.71 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 +15.74 and a Gross Margin at +24.96. First Solar Inc.’s Net Margin is presently recorded at +16.03.

Return on Equity for this stock inclined to 8.17, with Return on Assets sitting at 6.45.

First Solar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 4.10.

FSLR Stock EPS

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 5.64%.

First Solar Inc. [FSLR] Insider Position Details

There are presently around $12,662 million, or 80.90% of FSLR stock, in the hands of institutional investors. The top three institutional holders of FSLR stocks are: BLACKROCK INC. with ownership of 15,771,973, which is approximately 10.8% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,321,166 shares of the stock with an approximate value of $1.46 billion in FSLR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $577.5 million in FSLR stock with ownership of nearly 26.488% of the company’s market capitalization.

Positions in First Solar Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 261 institutional holders increased their position in First Solar Inc. [NASDAQ:FSLR] by around 10,464,182 shares. Additionally, 224 investors decreased positions by around 8,186,161 shares, while 96 investors held positions by with 61,991,533 shares. The mentioned changes placed institutional holdings at 80,641,876 shares, according to the latest SEC report filing. FSLR stock had 109 new institutional investments in for a total of 1,917,226 shares, while 59 institutional investors sold positions of 2,454,551 shares during the same period.

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