First Solar, Inc.’s Stock Price Plummets to $131.10, Marking a 3.14% Decrease

First Solar, Inc. (FSLR)

131.10 USD -4.25 (-3.14%) Volume: 3.7M

First Solar, Inc.’s stock price stands at 131.10 USD, marking a trading session drop of -3.14%, with a trading volume of 3.7M shares. Reflecting a significant YTD performance decrease by -25.61%, FSLR’s stock continues to be a focal point in the renewable energy market’s financial landscape.

Latest developments on First Solar, Inc.

First Solar Inc (FSLR) stock price surged today following the U.S. government’s finalization of tariffs on Southeast Asian solar panels, particularly those connected to China. The imposition of tariffs, ranging up to 3,500%, on Chinese-owned solar cells in Southeast Asia was aimed at countering unfair trade practices. This news led to a significant rise in First Solar shares as investors reacted positively to the development. Additionally, analysts adjusted price targets for First Solar, with Morgan Stanley lowering it to $223 from $238 but maintaining an overweight rating. The company’s stock price movements were also influenced by hedge funds’ interest in solar energy stocks, with questions arising about whether First Solar is the best option to buy in this sector. Overall, the market responded favorably to the news, driving First Solar’s stock price up today.

First Solar, Inc. on Smartkarma

Analyst coverage on First Solar Inc. on Smartkarma by Baptista Research highlights the company’s recent financial performance and future objectives. In a report titled “First Solar Inc.: Is The Expansion of U.S. Manufacturing Capacity A Positive Sign?”, the company presented a mixed set of results for 2024, with a 27% increase in net sales but lower-than-expected diluted earnings per share. Despite robust demand and record module sales, unexpected costs and operational inefficiencies impacted the earnings. The report delves into the implications of the company’s expansion plans for U.S. manufacturing capacity on its growth trajectory.

Furthermore, Baptista Research‘s analysis in “First Solar Inc.: Expansion of Global Manufacturing Capabilities Is A Key Growth Catalyst? – Major Drivers” discusses the third-quarter financial results of 2024. The report notes a decrease in net sales from the previous quarter, attributed to lower megawatt volume sold and a product warranty charge related to manufacturing issues. The company’s cash reserves also saw a decline due to investments in new facilities and increased working capital. The report explores the impact of these challenges on First Solar’s global manufacturing capabilities and outlines key drivers for future growth.

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 promising long-term outlook, with high scores in Growth and Resilience according to Smartkarma Smart Scores. The company’s focus on innovation and expanding its market presence bodes well for its future prospects. Additionally, its strong resilience score indicates the company’s ability to weather economic downturns and market fluctuations.

However, First Solar Inc‘s low score in Dividend may be a concern for investors looking for steady income. Despite this, its high Value score suggests that the company’s stock may be undervalued, presenting a potential buying opportunity for value investors. With a balanced overall outlook based on the Smartkarma Smart Scores, First Solar Inc remains a solid player in the solar industry with a strong emphasis on growth and innovation.

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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