The stock of First Solar Inc (NASDAQ:FSLR) last traded at $213.58, up 2.60% from the previous session.
FSLR stock price is now -10.85% away from the 50-day moving average and 20.02% away from the 200-day moving average. The market capitalization of the company currently stands at $22.86B.
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With the price target enhanced from $215 to $280, Deutsche Bank maintained Buy rating for First Solar Inc (NASDAQ: FSLR). , while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Verma Kuntal Kumar, Chief Manufacturing Officer sold 1,621 shares of the company’s stock on Jun 20 ’24. The stock was sold for $421,460 at an average price of $260.00. Upon completion of the transaction, the Chief Manufacturing Officer now directly owns 3,549 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Chief Executive Officer Widmar Mark R sold 36,692 shares of the business’s stock. A total of $10,026,456 was realized by selling the stock at an average price of $273.26. This leaves the insider owning 81,861 shares of the company worth $17.48 million. A total of 5.60% 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 $306.77. 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 $21553334272, which is based on a 22.40 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for FSLR is $243.7836 and a two-hundred day moving average price translates $180.2647 for the stock.
The latest earnings results from First Solar Inc (NASDAQ: FSLR) was released for 2024-03-31. 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.
