First Solar, Inc.’s Stock Price Soars to $131.23, Registering a Positive Leap of 2.82%

First Solar, Inc. (FSLR)

131.23 USD +3.60 (+2.82%) Volume: 4.34M

First Solar, Inc.’s stock price is currently performing at 131.23 USD, marking a positive change of +2.82% in this trading session with a trading volume of 4.34M. Despite the recent uptick, the stock has experienced a significant decline YTD, with a percentage change of -25.54%.

Latest developments on First Solar, Inc.

First Solar Inc. has been making strategic moves to enhance its supply chain visibility and resilience, recently partnering with Everstream Analytics. Despite positive developments, the company’s stock price faced a 2.1% decrease following insider selling by CEO Mark R. Widmar. Additionally, Flputnam Investment Management Co. sold 9,843 shares of First Solar, Inc., impacting market sentiment. Analysts at Redburn Atlantic initiated coverage on First Solar with a neutral rating and a $150 price target. The company also announced plans to cut production in Vietnam and Malaysia by 1 GW, further influencing stock movements. Despite these challenges, First Solar remains a strong player in the energy transition market, alongside competitors like Suntech Power Holdings Co., as it continues to navigate market fluctuations.

First Solar, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published a research report on First Solar Inc, highlighting the company’s expansion of global manufacturing capabilities as a key growth catalyst. The report discusses First Solar’s third-quarter financial results for 2024, which showed a mixed performance amidst challenging market conditions and operational setbacks. Despite achieving a net sales of $0.9 billion during the quarter, the company experienced a decrease in megawatt volume sold and a $50 million product warranty charge related to manufacturing issues in their Series 7 product line. Additionally, First Solar 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 has a promising long-term outlook based on its Smartkarma Smart Scores. With a high score in Growth and Resilience, the company is well-positioned for future success. Its focus on innovation and sustainable energy solutions gives it a competitive edge in the market.

Although First Solar Inc may face challenges in terms of Dividend and Momentum, its strong performance in Value and overall positive Smart Scores indicate a bright future ahead. Investors looking for a company with a strong growth potential and commitment to renewable energy may find First Solar Inc to be a solid choice for their portfolio.

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