First Solar Inc (NASDAQ: FSLR) stock closed at $251.75 on 5/22/24 after a major increase of 18.7%. Moreover, exceptionally high trading volume at 636% of normal accompanied the advance. The stock has risen 34.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FSLR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
First Solar has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Solar has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 63, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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