First Solar Inc (NASDAQ: FSLR) has reported earnings for its third fiscal quarter (ending September 30) of $2.92 versus $2.51 for the same period a year ago — an increase of 16%. E.P.S. were $11.67 for the latest four quarters through September 30 versus $4.44 for the same period a year ago — an increase of 163%.
Recent Price Action
First Solar Inc (NASDAQ: FSLR) stock declined by -2.6% on 10/29/24. The shares closed at $199.67. Moreover, trading volume in this decline was exceptionally high at 230% of normal. The stock has risen 1.7% during the last week and 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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. First Solar has a slightly positive Appreciation Score of 65 and a very high Power Rating of 92, 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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