Stock Rating Upgrade
The Value Trend Rating for First Solar Inc (NASDAQ: FSLR) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/8/24, First Solar Inc (NASDAQ: FSLR) stock rose modestly by 0.6%, closing at $161.35. However, this advance was accompanied by below average trading volume at 75% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FSLR is expected to continue to be a major Value Builder.
First Solar has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First Solar has a good Appreciation Score of 72 but a slightly negative Power Rating of 36, resulting in the Neutral Value Trend Rating.
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