First Solar Inc [NASDAQ: FSLR] price surged by 2.84 percent to reach at $4.73. The company report on April 4, 2024 at 5:35 PM that First Solar, Inc. to Announce First Quarter 2024 Financial Results on May 1, 2024.
First Solar, Inc. (NASDAQ: FSLR) (the “Company”) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
The one-year FSLR stock forecast points to a potential upside of 23.67. The average equity rating for FSLR stock is currently 1.54, 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 $224.63 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 1.54. 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.
RBC Capital Mkts have made an estimate for First Solar Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 14, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $215 to $187. The new note on the price target was released on January 08, 2024, representing the official price target for First Solar Inc stock. Previously, the target price had yet another raise to $211, while Jefferies analysts kept a Buy rating on FSLR stock. On December 08, 2023, analysts increased their price target for FSLR shares from 214 to 237.
The Average True Range (ATR) for First Solar Inc is set at 6.34, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 5.52. The Price to Book ratio for the last quarter was 2.74, with the Price to Cash per share for the same quarter was set at 19.75.
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 2.39. With this latest performance, FSLR shares gained by 7.80% in over the last four-week period, additionally plugging by 13.36% over the last 6 months – not to mention a drop of -17.76% 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 65.32, with the RSI for the last a single of trading hit 69.44, and the three-weeks RSI is set at 61.91 for First Solar Inc [FSLR]. The present Moving Average for the last 50 days of trading for this stock 153.50, while it was recorded at 169.21 for the last single week of trading, and 165.53 for the last 200 days.
Insight into First Solar Inc Fundamentals:
First Solar Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.92 and a Current Ratio set at 3.55.
FSLR Stock EPS
With the latest financial reports released by the company, First Solar Inc posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 1.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -60.80%. 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.
First Solar Inc [FSLR] Institutonal Ownership Details
The top three institutional holders of FSLR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FSLR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FSLR stock with ownership which is approximately 5.8386%.
