First Solar, Inc.’s Stock Price Drops to $141.18, Plunges by Nearly 10%

First Solar, Inc. (FSLR)

141.18 USD -15.66 (-9.98%) Volume: 4.36M

First Solar, Inc.’s stock price stands at 141.18 USD, marking a significant trading session drop of -9.98% with a trading volume of 4.36M, reflecting a year-to-date decrease of -15.13%, showcasing the volatility and potential for investment in the renewable energy sector.

Latest developments on First Solar, Inc.

First Solar Inc is facing a turbulent period as it loses power ahead of its Q4 earnings, with analysts still seeing a 67% upside potential. The company’s Q4 earnings missed estimates despite a year-over-year revenue increase, aiming for $20 EPS in 2025 after a stellar 27% revenue growth. First Solar recently launched a lawsuit against JinkoSolar over TOPCon technology patent infringement and shipped a record 14.1GW of modules in 2024. Despite legal actions and missed estimates, analysts remain optimistic about First Solar’s future performance, with price targets adjusted by various financial institutions.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided insights on First Solar Inc. They published a report titled “First Solar Inc.: Expansion of Global Manufacturing Capabilities Is A Key Growth Catalyst? – Major Drivers” with a bullish sentiment. The report discusses First Solar’s third-quarter financial results for 2024, highlighting a mixed performance amidst challenging market conditions and operational setbacks. The company reported a decrease in net sales to $0.9 billion, attributed to lower megawatt volume sold and a $50 million product warranty charge related to manufacturing issues in their Series 7 product line. Additionally, First Solar experienced a decline in cash reserves due to capital expenditure on new facilities and an increase in working capital.

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 received high scores in Growth and Resilience according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of its ability to expand and adapt to market conditions. With a strong focus on innovation and sustainable energy solutions, First Solar Inc is well-positioned to capitalize on the growing demand for solar energy products.

However, the company’s low score in Dividend and Momentum suggests that investors may want to consider other options if they are seeking immediate returns or quick market gains. Overall, First Solar Inc‘s solid Value score combined with its high Growth and Resilience scores indicate a promising future for the company in the renewable energy sector.

Summary: First Solar, Inc. designs and manufactures solar modules using thin film semiconductor technology to produce electricity. The company’s Smartkarma Smart Scores show strong potential for growth and resilience in the long term, making it a favorable choice for investors interested in sustainable energy solutions.

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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