First Solar, Inc.’s Stock Price Drops to $162.89, Marking a 3.24% Decrease: A Deep Dive into FSLR’s Market Performance

First Solar, Inc. (FSLR)

162.89 USD -5.45 (-3.24%) Volume: 2.57M

First Solar, Inc.’s stock price is currently standing at 162.89 USD, experiencing a trading session dip of -3.24%. With a trading volume of 2.57M, the FSLR stock has seen a year-to-date decrease of -7.57%, reflecting its market performance.

Latest developments on First Solar, Inc.

First Solar, Inc. (NASDAQ:FSLR) has been making headlines recently as analysts set an average target price of $276.29 for the company’s stock. Big money players like Advisors Preferred LLC, Oakworth Capital Inc., and Tempus Wealth Planning LLC have been investing millions in First Solar, with Mirae Asset Global Investments Co. Ltd. holding $6.03 million in stock. Meanwhile, Tobam has reduced its stake in the company. Additionally, a new partnership now offers U.S.-made First Solar modules, adding to the anticipation surrounding the stock’s movements today.

First Solar, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are closely watching the performance of First Solar Inc. The recent report on the company’s third-quarter financial results for 2024 highlighted a mixed performance amidst challenging market conditions and operational setbacks. Despite achieving a net sales of $0.9 billion, there was a decrease in megawatt volume sold, along with a $50 million product warranty charge linked to manufacturing issues in their Series 7 product line. Additionally, the company saw 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 is positioned well for long-term growth, with a strong Smart Score of 5 in Growth. This indicates that the company is expected to see significant expansion and development in the future. Additionally, the company scores high in Value and Resilience, with scores of 4 in both categories. This suggests that First Solar Inc is considered to be a valuable investment with a strong ability to withstand economic challenges.

However, First Solar Inc‘s outlook is dampened by a low Smart Score of 1 in Dividend and 2 in Momentum. The low score in Dividend indicates that the company may not be offering attractive dividend payouts to investors. Furthermore, the Momentum score suggests that the company may be facing challenges in terms of market performance and investor sentiment. Overall, while First Solar Inc shows promise in certain areas, there are also areas of concern that investors should take into consideration.

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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