The closing price of First Solar Inc (NASDAQ: FSLR) was $160.35 for the day, up 1.22% from the previous closing price of $158.42. In other words, the price has increased by $+1.93 from its previous closing price. On the day, 1104256 shares were traded.
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Ratios:
Our analysis of FSLR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on February 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $195.
On January 08, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $215 to $187.
On December 15, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $211.Jefferies initiated its Buy rating on December 15, 2023, with a $211 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 04 ’24 when ANTOUN GEORGES sold 16,667 shares for $155.55 per share. The transaction valued at 2,592,570 led to the insider holds 42,041 shares of the business.
Widmar Mark R sold 21,244 shares of FSLR for $3,244,809 on Mar 01 ’24. The Chief Executive Officer now owns 103,104 shares after completing the transaction at $152.74 per share. On Mar 01 ’24, another insider, STEBBINS PAUL H, who serves as the Director of the company, sold 5,000 shares for $157.51 each. As a result, the insider received 787,550 and left with 24,550 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FSLR now has a Market Capitalization of 17.13B and an Enterprise Value of 15.66B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.74, and their Forward P/E ratio for the next fiscal year is 7.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.16 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 4.72 whereas that against EBITDA is 12.91.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $232.00, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 154.84, while the 200-Day Moving Average is calculated to be 169.53.
Shares Statistics:
FSLR traded an average of 2.35M shares per day over the past three months and 3.27M shares per day over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 100.08M. Insiders hold about 6.34% of the company’s shares, while institutions hold 89.42% stake in the company. Shares short for FSLR as of Feb 15, 2024 were 4.2M with a Short Ratio of 1.79, compared to 4.04M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.93% and a Short% of Float of 5.17%.
Earnings Estimates
The firm’s stock currently is rated by 23 analysts. On average, analysts expect EPS of $2.25 for the current quarter, with a high estimate of $3.29 and a low estimate of $1.67, while EPS last year was $0.4. The consensus estimate for the next quarter is $3.16, with high estimates of $3.52 and low estimates of $2.45.
Analysts are recommending an EPS of between $14.38 and $13.05 for the fiscal current year, implying an average EPS of $13.58. EPS for the following year is $21.31, with 28 analysts recommending between $23.9 and $14.96.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 22 analysts. It ranges from a high estimate of $1.11B to a low estimate of $647.94M. As of the current estimate, First Solar Inc’s year-ago sales were $548.29M, an estimated increase of 56.30% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $1.11B, an increase of 37.10% less than the figure of $56.30% in the same quarter last year. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.02B.
A total of 27 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.7B, while the lowest revenue estimate was $4.42B, resulting in an average revenue estimate of $4.52B. In the same quarter a year ago, actual revenue was $3.32B, up 36.20% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $5.62B in the next fiscal year. The high estimate is $5.91B and the low estimate is $5.2B. The average revenue growth estimate for next year is up 24.40% from the average revenue estimate for this year.
