For its second fiscal quarter (ending June 30), First Solar Inc (NASDAQ: FSLR) has reported E.P.S. of $3.26 compared to $1.60 a year ago. For the latest four quarters through June 30, E.P.S. were $11.26 compared to $1.47 a year ago.
Recent Price Action
First Solar Inc (NASDAQ: FSLR) stock closed at $210.89 on 7/30/24 after a decline of -4.3%. This decline was accompanied by normal trading volume. The stock has declined -4.2% during the last week but has been exceptionally strong relative to 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. First Solar has a neutral Appreciation Score of 60 but a very high Power Rating of 94, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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