During the last three months, 30 analysts shared their evaluations of First Solar FSLR, revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 15 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 6 | 2 | 0 | 0 |
| 2M Ago | 5 | 7 | 0 | 0 | 0 |
| 3M Ago | 4 | 2 | 0 | 0 | 0 |
Analysts have recently evaluated First Solar and provided 12-month price targets. The average target is $265.23, accompanied by a high estimate of $356.00 and a low estimate of $194.00. Surpassing the previous average price target of $240.98, the current average has increased by 10.06%.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of First Solar by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Colin Rusch | Oppenheimer | Raises | Outperform | $325.00 | $271.00 |
| Ben Kallo | Baird | Raises | Outperform | $344.00 | $246.00 |
| Ameet Thakkar | BMO Capital | Raises | Outperform | $311.00 | $224.00 |
| Brian Kinstlinger | Goldman Sachs | Raises | Buy | $302.00 | $268.00 |
| Andrew Percoco | Morgan Stanley | Raises | Overweight | $331.00 | $248.00 |
| Philip Shen | Roth MKM | Raises | Buy | $320.00 | $230.00 |
| Maheep Mandloi | Mizuho | Raises | Neutral | $274.00 | $209.00 |
| Markus Leistner | DZ Bank | Announces | Hold | $270.00 | - |
| Jon Windham | UBS | Raises | Buy | $350.00 | $270.00 |
| Mark Strouse | JP Morgan | Raises | Overweight | $262.00 | $240.00 |
| Jon Windham | UBS | Raises | Buy | $270.00 | $252.00 |
| Kashy Harrison | Piper Sandler | Raises | Overweight | $219.00 | $195.00 |
| Christine Cho | Barclays | Raises | Overweight | $228.00 | $227.00 |
| Joseph Osha | Guggenheim | Lowers | Buy | $356.00 | $359.00 |
| Mark Strouse | JP Morgan | Raises | Overweight | $240.00 | $237.00 |
| Jon Windham | UBS | Raises | Buy | $252.00 | $250.00 |
| Colin Rusch | Oppenheimer | Raises | Outperform | $271.00 | $269.00 |
| Dushyant Ailani | Jefferies | Raises | Buy | $211.00 | $209.50 |
| Maheep Mandloi | Mizuho | Raises | Buy | $209.00 | $196.00 |
| Andrew Percoco | Morgan Stanley | Raises | Overweight | $248.00 | $245.00 |
| Brian Kinstlinger | Goldman Sachs | Raises | Buy | $268.00 | $265.00 |
| Sean Morgan | Evercore ISI Group | Maintains | Outperform | $227.00 | - |
| Christine Cho | Barclays | Raises | Overweight | $227.00 | $224.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $250.00 | $187.00 |
| Philip Shen | Roth MKM | Maintains | Buy | $230.00 | $230.00 |
| Markus Leistner | DZ Bank | Announces | Buy | $205.00 | - |
| Colin Rusch | Oppenheimer | Maintains | Outperform | $269.00 | $269.00 |
| Sean Milligan | Janney Montgomery Scott | Announces | Buy | $236.00 | - |
| Julien Dumoulin-Smith | B of A Securities | Raises | Buy | $194.00 | $187.00 |
| Biju Perincheril | Susquehanna | Maintains | Positive | $258.00 | $258.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to First Solar. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of First Solar compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of First Solar's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into First Solar's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on First Solar analyst ratings.
Unveiling the Story Behind First Solar
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
Understanding the Numbers: First Solar's Finances
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining First Solar's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 44.83% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 29.8%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): First Solar's ROE excels beyond industry benchmarks, reaching 3.48%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.24%, the company showcases effective utilization of assets.
Debt Management: First Solar's debt-to-equity ratio is below the industry average at 0.1, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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