As of close of business last night, First Solar Inc’s stock clocked out at $185.29, up 0.32% from its previous closing price of $184.70. In other words, the price has increased by $+0.59 from its previous closing price. On the day, 2012204 shares were traded.
Ratios:
To gain a deeper understanding of FSLR’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 04 ’24 when ANTOUN GEORGES sold 2,400 shares for $176.00 per share. The transaction valued at 422,400 led to the insider holds 37,412 shares of the business.
Gloeckler Markus sold 1,937 shares of FSLR for $338,975 on Apr 04 ’24. The Chief Technology Officer now owns 12,536 shares after completing the transaction at $175.00 per share. On Apr 01 ’24, another insider, ANTOUN GEORGES, who serves as the Chief Commercial Officer of the company, sold 2,400 shares for $169.72 each. As a result, the insider received 407,328 and left with 39,812 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 19.78B and an Enterprise Value of 18.30B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.97, and their Forward P/E ratio for the next fiscal year is 8.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.97 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 5.51 whereas that against EBITDA is 15.10.
Stock Price History:
The Beta on a monthly basis for FSLR is 1.38, which has changed by -12.29% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. 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 156.08, while the 200-Day Moving Average is calculated to be 165.44.
Shares Statistics:
It appears that FSLR traded 2.15M shares on average per day over the past three months and 2.23M shares per day over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 100.09M. Insiders hold about 6.32% of the company’s shares, while institutions hold 89.63% stake in the company. Shares short for FSLR as of Mar 28, 2024 were 4.77M with a Short Ratio of 2.23, compared to 5.86M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.46% and a Short% of Float of 5.84%.
Earnings Estimates
As of right now, 23 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.08 for the current quarter, with a high estimate of $3.29 and a low estimate of $1.19, while EPS last year was $0.4. The consensus estimate for the next quarter is $3.21, with high estimates of $3.64 and low estimates of $2.84.
Analysts are recommending an EPS of between $14 and $13.23 for the fiscal current year, implying an average EPS of $13.58. EPS for the following year is $21.28, with 30 analysts recommending between $23.9 and $14.96.
Revenue Estimates
In the current quarter, 22 analysts expect revenue to total $767.52M. 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 40.00% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $1.12B, an increase of 38.60% less than the figure of $40.00% in the same quarter last year. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.05B.
A total of 28 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.59B, while the lowest revenue estimate was $4.44B, resulting in an average revenue estimate of $4.51B. In the same quarter a year ago, actual revenue was $3.32B, up 36.00% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $5.62B in the next fiscal year. The high estimate is $5.9B and the low estimate is $5.26B. The average revenue growth estimate for next year is up 24.50% from the average revenue estimate for this year.
