First Solar Inc [NASDAQ: FSLR] price surged by 15.19 percent to reach at $31.62.
The one-year FSLR stock forecast points to a potential upside of 17.85. The average equity rating for FSLR stock is currently 1.57, trading closer to a bullish pattern in the stock market.
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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 $291.94 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 1.57. 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.
William Blair have made an estimate for First Solar Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 29, 2024. While these analysts kept the previous recommendation, Clarksons Platou raised their target price to Buy. The new note on the price target was released on August 14, 2024, representing the official price target for First Solar Inc stock. Previously, the target price had yet another raise to $280, while DZ Bank analysts kept a Buy rating on FSLR stock. On June 28, 2024, analysts increased their price target for FSLR shares from 215 to 280.
The Average True Range (ATR) for First Solar Inc is set at 11.25, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 16.33.
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 11.35. With this latest performance, FSLR shares gained by 9.40% in over the last four-week period, additionally plugging by 50.48% over the last 6 months – not to mention a rise of 33.71% 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 60.29, with the RSI for the last a single of trading hit 65.71, and the three-weeks RSI is set at 57.02 for First Solar Inc [FSLR]. The present Moving Average for the last 50 days of trading for this stock 220.62, while it was recorded at 215.37 for the last single week of trading, and 191.73 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 1.65 and a Current Ratio set at 2.23.
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 58.90%.
First Solar Inc [FSLR] Institutonal Ownership Details
There are presently around $89.53%, or 94.67%% of FSLR stock, in the hands of institutional investors. The top three institutional holders of FSLR stocks are: VANGUARD GROUP INC with ownership of 12.49 million shares, which is approximately 11.6863%. BLACKROCK INC., holding 11.32 million shares of the stock with an approximate value of $$2.55 billion in FSLR stocks shares; and BLACKROCK INC., currently with $$9.74 million in FSLR stock with ownership which is approximately 7.174%.
