The price of First Solar Inc (NASDAQ:FSLR) shares last traded on Wall Street fell -1.09% to $197.50.
FSLR stock price is now -11.27% away from the 50-day moving average and -2.55% away from the 200-day moving average. The market capitalization of the company currently stands at $21.14B.
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With the price target maintained at $260, Janney recently Upgraded its rating from Neutral to Buy for First Solar Inc (NASDAQ: FSLR). On October 22, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $200 to quote $254, while ‘Truist’ rates the stock as ‘Buy’
In other news, Buehler Patrick James, Chief Product Officer sold 8,619 shares of the company’s stock on Aug 13 ’24. The stock was sold for $1,913,418 at an average price of $222.00. Upon completion of the transaction, the Chief Product Officer now directly owns 3,468 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, VP – Global Controller and CAO Jeffers Byron Michael sold 500 shares of the business’s stock. A total of $110,000 was realized by selling the stock at an average price of $220.00. A total of 5.34% 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 0.09, a current ratio of 2.14, and a quick ratio of 1.44. According to the stock market information, the enterprise value for the company is $20455663616, which is based on a 17.01 price-to-earnings ratio, a 0.61 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for FSLR is $222.5818 and a two-hundred day moving average price translates $202.66064 for the stock.
The latest earnings results from First Solar Inc (NASDAQ: FSLR) was released for 2024-09-30. The net profit margin was 32.41% and return on equity was 17.96% for FSLR. The company reported revenue of $887.67 million for the quarter, compared to $801.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.81 percent.
