First Solar, Inc.’s stock price dips to $127.34, marking a 4.28% decline: Is it time to buy?

First Solar, Inc. (FSLR)

127.34 USD -5.69 (-4.28%) Volume: 3.02M

First Solar, Inc.’s stock price currently stands at 127.34 USD, experiencing a decline of -4.28% this trading session with a trading volume of 3.02M. The leading solar energy company’s stock has seen a significant decrease of -27.75% YTD, reflecting its volatile market performance.

Latest developments on First Solar, Inc.

First Solar Inc. stock experienced underperformance compared to its competitors recently, with shares being acquired by various investment firms such as Mirova US LLC and HighTower Advisors LLC. Despite this, hedge funds are considering First Solar as an undervalued stock to buy. Intech Investment Management LLC and Wellington Shields Capital Management LLC have adjusted their stock positions, while Proficio Capital Partners LLC made a significant investment of $8.67 million. On the flip side, Swiss National Bank and Skandinaviska Enskilda Banken AB publ have reduced their holdings in First Solar. The stock price has been fluctuating, with recent decreases of 4.4%, 2.8%, and 1.1%, but also some positive trading up by 1%. Overall, the market seems to be closely monitoring First Solar’s movements and investment decisions.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research have provided coverage on First Solar Inc. The company presented a mixed set of results for its financial performance in 2024 and discussed objectives for 2025. Despite recording a 27% increase in net sales to $4.2 billion, First Solar’s full-year diluted earnings per share of $12.02 missed the lower end of guidance, mainly due to unexpected costs and operational inefficiencies. The analysis questions whether the expansion of U.S. manufacturing capacity is a positive sign for the company’s future growth.

In another report by Baptista Research, analysts discussed First Solar Inc.’s third-quarter financial results for 2024. The company faced challenges in the market and operational setbacks, resulting in a decrease in net sales to $0.9 billion. This decline was attributed to a decrease in megawatt volume sold and a $50 million product warranty charge related to manufacturing issues in their Series 7 product line. Despite these challenges, analysts highlighted the company’s focus on expanding global manufacturing capabilities as a key growth catalyst for First Solar Inc.

A look at First Solar, Inc. Smart Scores

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 has a positive long-term outlook, with high scores in Growth and Resilience. The company scored a 5 in Growth, indicating strong potential for future expansion and development. Additionally, First Solar Inc received a score of 4 in Resilience, suggesting that it is well-equipped to withstand economic challenges and market fluctuations. These scores bode well for the company’s ability to thrive and succeed in the long run.

On the other hand, First Solar Inc received a low score of 1 in Dividend, indicating that it may not be a top choice for investors seeking regular income through dividends. However, the company scored a 4 in Value, suggesting that it may be undervalued in the market. With a moderate score of 3 in Momentum, First Solar Inc shows potential for gradual growth and improvement in the future. Overall, the company’s strong performance in Growth and Resilience positions it well for long-term success in the solar industry.

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.
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