Analysts mark First Solar, Inc. (NASDAQ:FSLR) as”Moderate Buy.”

By Oliver Townsend Jun 27, 2024
First Solar, Inc. (NASDAQ:FSLR) Receives Average Recommendation of “Moderate Buy” from Analysts.jpegOrginal image from:

When it comes to investing in stocks, one key aspect to consider is the recommendations from analysts. First Solar, Inc. (NASDAQ:FSLR) has recently received an average recommendation of “Moderate Buy” from twenty-five research firms covering the company. This indicates a positive outlook on the stock by analysts in the market. In this article, we will explore the recommendations, target prices, insider activities, institutional inflows, stock performance, and company profile of First Solar, Inc. to provide a comprehensive overview for potential investors.

Analyst Recommendations and Target Prices

Of the twenty-five research firms covering First Solar, Inc., four analysts have rated the stock as a hold, while twenty-one have given it a buy recommendation. The average one-year target price for the stock, based on analyst ratings, is $265.72. This indicates a potential upside for investors considering the current market price of the stock. Recent recommendations from firms like Roth Mkm, Morgan Stanley, BMO Capital Markets, and Piper Sandler have been positive, highlighting the growth potential of First Solar, Inc.

Insider Activities

Insider activities can provide valuable insights into the sentiment of key individuals within the company. Recently, insiders like Kuntal Kumar Verma and CFO Alexander R. Bradley have sold significant amounts of shares. While insider selling can sometimes raise concerns among investors, it’s essential to consider other factors like overall market conditions and the company’s performance before making investment decisions based solely on insider activities.

Institutional Inflows and Outflows

Monitoring institutional inflows and outflows can help investors gauge the confidence of large institutional investors in the stock. Hedge funds like Cambridge Trust Co., Great Diamond Partners LLC, and Family Legacy Inc. have been increasing their stakes in First Solar, Inc. Harbor Investment Advisory LLC and Atticus Wealth Management LLC also raised their positions in the company. These moves by institutional investors can indicate positive sentiment and long-term growth prospects for the stock.

First Solar Stock Performance

First Solar, Inc. (NASDAQ:FSLR) has shown a strong performance in the market, with a 1-year low of $129.21 and a high of $306.77. The stock has a market capitalization of $26.54 billion, a PE ratio of 25.99, and a beta of 1.48. The company’s recent earnings results have exceeded expectations, with a net margin of 28.75% and a return on equity of 16.24%. Analysts predict an average earnings per share of 13.58 for the current fiscal year, highlighting the growth potential of First Solar, Inc.

First Solar Company Profile

First Solar, Inc. is a solar technology company that provides photovoltaic (PV) solar energy solutions globally. The company manufactures and sells PV solar modules with thin film semiconductor technology, offering a lower-carbon alternative to conventional crystalline silicon PV solar modules. With a focus on sustainability and innovation, First Solar, Inc. aims to drive the transition to clean energy solutions and contribute to a greener future.

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