First Solar Inc (NASDAQ: FSLR) has a higher price-to-earnings ratio of 16.61x compared to its average ratio. FSLR has 36-month beta value of 1.45. Analysts have mixed views on the stock, with 18 analysts rating it as a “buy,” 13 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FSLR is 101.34M, and currently, short sellers hold a 5.93% ratio of that float. The average trading volume of FSLR on November 26, 2024 was 2.70M shares.
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FSLR) stock’s latest price update
The stock of First Solar Inc (NASDAQ: FSLR) has increased by 3.64 when compared to last closing price of 186.05.Despite this, the company has seen a loss of -1.40% in its stock price over the last five trading days. marketbeat.com reported 2024-11-25 that The election of Donald Trump has reignited speculation about the future of clean energy stocks, particularly in the solar sector. With a Republican-controlled White House and likely GOP majorities in Congress, investors are bracing for potential changes to the Inflation Reduction Act (IRA), which has been pivotal in driving clean energy growth.
FSLR’s Market Performance
First Solar Inc (FSLR) has seen a -1.40% fall in stock performance for the week, with a -2.85% decline in the past month and a -18.10% plunge in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are at 5.64% for FSLR. The simple moving average for the past 20 days is -0.65% for FSLR’s stock, with a -6.79% simple moving average for the past 200 days.
Analysts’ Opinion of FSLR
Janney, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $260. The rating they have provided for FSLR stocks is “Buy” according to the report published on October 29th, 2024.
Citigroup gave a rating of “Buy” to FSLR, setting the target price at $254 in the report published on October 22nd of the current year.
FSLR Trading at -8.97% 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 -37.15% of loss for the given period.
Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares sank -5.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.35% lower at present.
During the last 5 trading sessions, FSLR fell by -1.40%, which changed the moving average for the period of 200-days by +27.27% in comparison to the 20-day moving average, which settled at $194.09. In addition, First Solar Inc saw 11.92% 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 sale 3,601 shares at the price of $198.52 back on Oct 31 ’24. After this action, Gloeckler Markus now owns 8,935 shares of First Solar Inc, valued at $714,871 using the latest closing price.
Gloeckler Markus, the Officer of First Solar Inc, proposed sale 3,601 shares at $198.52 during a trade that took place back on Oct 31 ’24, which means that Gloeckler Markus is holding shares at $714,871 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 39.28.
Currently, EBITDA for the company is 1.21 billion with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 5.28. The receivables turnover for the company is 4.26for 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
To put it simply, First Solar Inc (FSLR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
