First Solar Inc (NASDAQ:FSLR) shares traded -10.13% lower at $194.02 on Wall Street last session.
FSLR stock price is now -11.89% away from the 50-day moving average and -4.92% away from the 200-day moving average. The market capitalization of the company currently stands at $20.77B.
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On October 29, 2024, Janney Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $260, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Gloeckler Markus, Chief Technology Officer sold 3,601 shares of the company’s stock on Oct 31 ’24. The stock was sold for $714,871 at an average price of $198.52. Upon completion of the transaction, the Chief Technology Officer now directly owns 8,935 shares in the company, valued at $1.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Officer Gloeckler Markus bought 3,601 shares of the business’s stock. A total of $714,871 was incurred on buying the stock at an average price of $198.52. 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 $20195663872, which is based on a 16.71 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for FSLR is $221.0306 and a two-hundred day moving average price translates $203.8459 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.
