First Solar Inc (NASDAQ: FSLR) has reported earnings for its fourth fiscal quarter (ending December 31) of $3.27 versus a loss $-0.07 for the same period a year ago. This result exceeded the consensus estimate of $3.14 by $0.13. For the latest four quarters through December 31, E.P.S. were $7.78 versus $-0.41 for the same period a year ago.
Recent Price Action
On 2/27/24, First Solar Inc (NASDAQ: FSLR) stock rose slightly by 0.3%, closing at $144.99. Moreover, unusually high trading volume at 189% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -7.6% during the last week.
Current PriceTarget Research Rating
FSLR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Solar has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Solar has a poor Appreciation Score of 26 and a poor Power Rating of 22, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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