For its first fiscal quarter (ending March 31), First Solar Inc (NASDAQ: FSLR) has reported a 452% increase in E.P.S. from $0.40 a year ago to $2.21 in the current quarter. However, this performance was $-1.43 short of the consensus estimate of $3.64. For the latest four quarters through March 31, E.P.S. were $9.59 versus $0.39 for the same period a year ago — an increase of 2359%.
Recent Price Action
First Solar Inc (NASDAQ: FSLR) stock closed at $177.58 on 5/1/24 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has declined -1.4% during the last week and has been weak relative to the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Solar has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 42, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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