First Solar Inc (NASDAQ:FSLR) shares traded 18.69% higher at $251.75 on Wall Street last session.
FSLR stock price is now 43.30% away from the 50-day moving average and 53.39% away from the 200-day moving average. The market capitalization of the company currently stands at $26.95B.
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With the price target maintained at $227, Evercore ISI recently Upgraded its rating from In-line to Outperform for First Solar Inc (NASDAQ: FSLR). On April 19, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $187 to quote $250, while ‘DZ Bank’ rates the stock as ‘Buy’
In other news, Stockdale Caroline, Chief People and Comm. Officer sold 12,406 shares of the company’s stock on May 21 ’24. The stock was sold for $2,543,230 at an average price of $205.00. Upon completion of the transaction, the Chief People and Comm. Officer now directly owns 22,025 shares in the company, valued at $5.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director Chapman Richard D sold 3,985 shares of the business’s stock. A total of $760,736 was realized by selling the stock at an average price of $190.90. This leaves the insider owning 17,704 shares of the company worth $4.46 million. A total of 5.68% of the company’s stock is owned by insiders.
During the past 12 months, First Solar Inc has had a low of $129.21 and a high of $224.50. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.41, and a quick ratio of 1.86. According to the stock market information, the enterprise value for the company is $25639104512, which is based on a 26.40 price-to-earnings ratio, a 0.46 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for FSLR is $175.6812 and a two-hundred day moving average price translates $164.12225 for the stock.
The latest earnings results from First Solar Inc (NASDAQ: FSLR) was released for 2024-03-31. According to the Solar Company, earnings per share came in at 1.59, beating analysts’ expectations of 0.96 by 0.63. This compares to $0.40 EPS in the same period last year. The net profit margin was 28.75% and return on equity was 16.05% for FSLR. The company reported revenue of $794.11 million for the quarter, compared to $548.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.83 percent. For the current quarter, analysts expect FSLR to generate $977.03M in revenue.
