First Solar Inc (NASDAQ: FSLR)’s stock price has plunge by 4.23relation to previous closing price of 204.94. Nevertheless, the company has seen a 4.18% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-04 that Despite underperforming in Q3 2024, First Solar will capitalize on high demand in 2025–2026; the stock is 27% undervalued per a two-year discounted EBITDA model. Reaffirming a Strong Buy rating, the intrinsic enterprise value is calculated at $29.22B today—26.9% above the current value—based on 2026 projections, expanded capacity, new technologies like CuRe, and favorable macroeconomics. Risks include potential contract terminations, political uncertainty affecting the IRA, oversupply pressures, and manufacturing issues; selling in late 2026 is advised to mitigate long-term cyclical risks.
Is It Worth Investing in First Solar Inc (NASDAQ: FSLR) Right Now?
First Solar Inc (NASDAQ: FSLR) has a higher price-to-earnings ratio of 18.40x compared to its average ratio, The 36-month beta value for FSLR is at 1.48. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for FSLR is 101.34M, and currently, shorts hold a 4.93% of that float. The average trading volume for FSLR on November 04, 2024 was 2.17M shares.
FSLR’s Market Performance
The stock of First Solar Inc (FSLR) has seen a 4.18% increase in the past week, with a -7.58% drop in the past month, and a 1.50% gain in the past quarter. The volatility ratio for the week is 5.25%, and the volatility levels for the past 30 days are at 4.02% for FSLR. The simple moving average for the last 20 days is 4.47% for FSLR stock, with a simple moving average of 4.96% for the last 200 days.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Janney repeating the rating for FSLR by listing it as a “Buy.” The predicted price for FSLR in the upcoming period, according to Janney is $260 based on the research report published on October 29, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $254, previously predicting the price at $200. The rating they have provided for FSLR stocks is “Buy” according to the report published on October 22nd, 2024.
Truist gave a rating of “Buy” to FSLR, setting the target price at $300 in the report published on September 26th of the current year.
FSLR Trading at -3.52% 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 -30.37% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 5.25%, as shares sank -6.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.03% lower at present.
During the last 5 trading sessions, FSLR rose by +4.78%, which changed the moving average for the period of 200-days by +47.22% in comparison to the 20-day moving average, which settled at $204.54. In addition, First Solar Inc saw 23.99% 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 Gloeckler Markus, who proposed sale 3,601 shares at the price of $198.52 back on Oct 31 ’24. After this action, Gloeckler Markus now owns shares of First Solar Inc, valued at $714,871 using the latest closing price.
Buehler Patrick James, the Chief Product Officer of First Solar Inc, sale 8,619 shares at $222.00 during a trade that took place back on Aug 13 ’24, which means that Buehler Patrick James is holding 3,468 shares at $1,913,418 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.46 for the gross margin
The net margin for First Solar Inc stands at 0.32. The total capital return value is set at 0.14. Equity return is now at value 17.96, with 11.88 for asset returns.
Based on First Solar Inc (FSLR), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.66. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 80.82.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 5.85. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
In conclusion, First Solar Inc (FSLR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
