
First Solar, Inc. (FSLR)
191.60 USD +35.39 (+22.66%) Volume: 20.2M
First Solar, Inc.’s stock price soared to 191.60 USD in the latest trading session, marking a significant surge of +22.66% with a high trading volume of 20.2M, enhancing its year-to-date (YTD) performance to +8.72%, indicating a robust and promising growth trend in the solar energy sector.
Latest developments on First Solar, Inc.
First Solar Inc. stock saw a significant surge today after a House budget proposal was revealed to be not as detrimental to the company as initially feared. The proposal, which did not completely eliminate solar and wind tax credits, led to a bullish response from investors, with First Solar’s stock price soaring. Wolfe Research upgraded the stock rating, citing relief from the budget proposal, while Goldman Sachs adjusted the price target to $204. This news comes after a series of positive developments for First Solar, including billionaire Ken Griffin’s investment in the company and potential IRA benefits driving growth. Overall, the outlook for First Solar appears optimistic as it continues to outperform competitors and attract new investors.
First Solar, Inc. on Smartkarma
Analysts at Baptista Research have provided bullish coverage on First Solar Inc, highlighting the company’s flexible production strategy as a game-changer. In their report titled “First Solarβs Flexible Production Strategy Is a Game-ChangerβThese 4 Elements Are Propelling The Company Forward!”, the analysts noted the company’s first-quarter 2025 earnings showcased a mix of opportunities and challenges. Despite this, First Solar achieved net bookings of 0.6 gigawatts and now holds a substantial contracted backlog of 66.3 gigawatts. The company’s module sales for the quarter stood at 2.9 gigawatts, in line with its previous forecasts.
Furthermore, Baptista Research also released a report discussing First Solar Inc.’s expansion of U.S. manufacturing capacity as a positive sign for the company. In their analysis titled “First Solar Inc.: Is The Expansion of U.S. Manufacturing Capacity A Positive Sign?”, the analysts highlighted the company’s 2024 financial performance and objectives for 2025. Despite a mixed set of results in 2024, including a 27% increase in net sales to $4.2 billion, First Solar faced challenges with full-year diluted earnings per share falling short of guidance at $12.02. This was mainly attributed to unexpected costs and operational inefficiencies impacting the company’s profitability.
A look at First Solar, Inc. Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 1 | |
Growth | 5 | |
Resilience | 4 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Solar Inc, a company that designs and manufactures solar modules, has a mixed outlook based on the Smartkarma Smart Scores. While the company scores high in Growth and Value, indicating strong potential for future expansion and a good valuation, it lags behind in Dividend and Momentum. This suggests that while First Solar may be a solid investment for long-term growth, investors should not expect significant dividends or immediate upward momentum in the stock price.
Overall, First Solar Inc shows promise for long-term success with above-average scores in Value, Growth, and Resilience. With a focus on manufacturing electricity-producing solar modules using thin film semiconductor technology, the company is well-positioned to capitalize on the growing demand for renewable energy solutions. However, investors should be aware of the lower scores in Dividend and Momentum, which may impact short-term gains but should not overshadow the company’s overall strong performance in key areas.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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