First Solar Inc (NASDAQ: FSLR). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
First Solar Inc (NASDAQ: FSLR). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FSLR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
First Solar has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. First Solar has a good Appreciation Score of 74 but a slightly negative Power Rating of 36, producing the Neutral Value Trend Rating.
Recent Price Action
First Solar Inc (NASDAQ: FSLR) stock enjoyed a very large increase of 9.3% on 3/27/24. The shares closed at $167.45. Moreover, this advance was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.5% during the last week.
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