First Solar, Inc. (FSLR) Reveals an Earnings Mystery

First Solar, Inc. (NASDAQ:FSLR) went up by 2.00% from its latest closing price compared to the recent 1-year high of $81.87. The company’s stock price has collected 5.07% of gains in the last five trading sessions. Barron's reported on 08/21/20 that Green-Energy Shares Rise Along With Joe Biden’s Polling

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Is It Worth Investing in First Solar, Inc. (NASDAQ :FSLR) Right Now?

First Solar, Inc. (NASDAQ:FSLR) scored a price-to-earnings ratio above its average ratio, recording 78.89 x from its present earnings ratio. Plus, the 36-month beta value for FSLR is at 1.53. Opinions of the stock are interesting as 7 analysts out of 16 who provided ratings for First Solar, Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 2 as “sell.”

The average price from analysts is $70.18, which is -$4.15 below the current price. FSLR currently public float of 76.01M and currently shorts hold a 13.31% ratio of that float. Today, the average trading volume of FSLR was 1.48M shares.

FSLR’s Market Performance

FSLR stocks went up by 5.07% for the week, with a monthly drop of -1.91% and a quarterly performance of 42.06%, while its annual performance rate touched 14.90%. The volatility ratio for the week stands at 3.29% while the volatility levels for the past 30 days are set at 4.16% for First Solar, Inc.. The simple moving average for the period of the last 20 days is -2.21% for FSLR stocks with a simple moving average of 38.77% for the last 200 days.

Analysts’ Opinion of FSLR

Many brokerage firms have already submitted their reports for FSLR stocks, with BofA Securities repeating the rating for FSLR by listing it as a “Buy.” The predicted price for FSLR in the upcoming period, according to BofA Securities is $19 based on the research report published on August 7th of the current year 2020.

ROTH Capital, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $56, previously predicting the value of $55. The rating they have provided for FSLR stocks is “Neutral” according to the report published on July 27th, 2020.

BofA/Merrill gave a rating of “ Neutral” to FSLR, setting the target price at $56 in the report published on March 31st of the current year.

FSLR Trading at 8.04% from the 50-Day Moving Average

After a stumble in the market that brought FSLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.97% of loss for the given period.

Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -0.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.47% upper at present.

During the last 5 trading sessions, FSLR rose by +5.07%, which changed the moving average for the period of 200-days by +31.05% in comparison to the 20-day moving average, which settled at $74.50. In addition, First Solar, Inc. saw 30.25% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FSLR starting from KENNEDY R CRAIG, who sold 550 shares at the price of $75.15 back on Aug 17. After this action, KENNEDY R CRAIG now owns 28,579 shares of First Solar, Inc., valued at $41,333 using the latest closing price.

Widmar Mark R, the Chief Executive Officer of First Solar, Inc., sold 79,918 shares at $73.31 during a trade that took place back on Aug 10, which means that Widmar Mark R is holding 94,500 shares at $5,858,819 based on the most recent closing price.

Stock Fundamentals for FSLR

Current profitability levels for the company are sitting at:

  • +8.02 for the present operating margin
  • +17.88 for the gross margin

The net margin for First Solar, Inc. stands at -3.75. The total capital return value is set at 4.32, while invested capital returns managed to touch -2.03. Equity return is now at value 1.90, with 1.40 for asset returns.

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Based on First Solar, Inc. (FSLR), the company’s capital structure generated 11.68 points at debt to equity in total, while total debt to capital is 10.46. Total debt to assets is 7.92, with long-term debt to equity ratio resting at 11.63. Finally, the long-term debt to capital ratio is 11.12.

When we switch over and look at the enterprise to sales, we see a ratio of 1.41, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 4.62 and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.

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