The price of First Solar Inc (NASDAQ: FSLR) closed at $144.99 in the last session, up 0.28% from day before closing price of $144.58. In other words, the price has increased by $+0.41 from its previous closing price. On the day, 3472712 shares were traded. FSLR stock price reached its highest trading level at $147.56 during the session, while it also had its lowest trading level at $144.28.
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Ratios:
We take a closer look at FSLR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.45 and its Current Ratio is at 3.19. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 19 when ANTOUN GEORGES sold 2,400 shares for $176.02 per share. The transaction valued at 422,448 led to the insider holds 42,041 shares of the business.
ANTOUN GEORGES sold 2,400 shares of FSLR for $379,200 on Dec 01. The Chief Commercial Officer now owns 44,441 shares after completing the transaction at $158.00 per share. On Oct 30, another insider, Verma Kuntal Kumar, who serves as the Chief Manufacturing Officer of the company, sold 1,621 shares for $144.16 each. As a result, the insider received 233,683 and left with 1,621 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 15.50B and an Enterprise Value of 14.22B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.85, and their Forward P/E ratio for the next fiscal year is 6.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.90 while its Price-to-Book (P/B) ratio in mrq is 2.46. Its current Enterprise Value per Revenue stands at 4.50 whereas that against EBITDA is 17.65.
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 156.17, while the 200-Day Moving Average is calculated to be 171.35.
Shares Statistics:
According to the various share statistics, FSLR traded on average about 2.15M shares per day over the past 3-months and 1.96M shares per day over the past 10 days. A total of 106.61M shares are outstanding, with a floating share count of 100.18M. Insiders hold about 6.24% of the company’s shares, while institutions hold 89.33% stake in the company. Shares short for FSLR as of Jan 31, 2024 were 3.96M with a Short Ratio of 1.84, compared to 4M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.70% and a Short% of Float of 4.86%.
Earnings Estimates
The company has 25 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.13 for the current quarter, with a high estimate of $3.54 and a low estimate of $2.85, while EPS last year was -$0.07. The consensus estimate for the next quarter is $2.54, with high estimates of $3.62 and low estimates of $1.73.
Analysts are recommending an EPS of between $8.04 and $7.34 for the fiscal current year, implying an average EPS of $7.63. EPS for the following year is $13.33, with 30 analysts recommending between $16.21 and $11.39.
Revenue Estimates
According to 23 analysts, the current quarter’s revenue is expected to be $1.32B. It ranges from a high estimate of $1.38B to a low estimate of $1.21B. As of the current estimate, First Solar Inc’s year-ago sales were $1B, an estimated increase of 31.50% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $939.12M, an increase of 71.30% over than the figure of $31.50% in the same quarter last year. There is a high estimate of $1.14B for the next quarter, whereas the lowest estimate is $681.4M.
A total of 29 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $3.67B, while the lowest revenue estimate was $3.37B, resulting in an average revenue estimate of $3.48B. In the same quarter a year ago, actual revenue was $2.62B, up 32.80% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $4.56B in the next fiscal year. The high estimate is $4.99B and the low estimate is $4.33B. The average revenue growth estimate for next year is up 31.10% from the average revenue estimate for this year.
