First Solar FSLR has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 10 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 8 | 1 | 0 | 0 |
| 2M Ago | 5 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for First Solar, revealing an average target of $275.29, a high estimate of $343.00, and a low estimate of $210.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 5.57%.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive First Solar is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $210.00 | $245.00 |
| Christine Cho | Barclays | Lowers | Overweight | $275.00 | $290.00 |
| Maheep Mandloi | Mizuho | Lowers | Neutral | $257.00 | $274.00 |
| Joseph Osha | Guggenheim | Lowers | Buy | $335.00 | $368.00 |
| Brian Lee | Goldman Sachs | Lowers | Buy | $279.00 | $311.00 |
| Chris Dendrinos | RBC Capital | Lowers | Outperform | $280.00 | $315.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $245.00 | $250.00 |
| Michael Blum | Wells Fargo | Lowers | Overweight | $240.00 | $250.00 |
| Sean Morgan | Evercore ISI Group | Lowers | Outperform | $278.00 | $281.00 |
| Ameet Thakkar | BMO Capital | Lowers | Outperform | $260.00 | $286.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $252.00 | $280.00 |
| Andrew Percoco | Morgan Stanley | Lowers | Overweight | $297.00 | $329.00 |
| Julien Dumoulin-Smith | B of A Securities | Lowers | Buy | $269.00 | $321.00 |
| Sean Milligan | Janney Montgomery Scott | Announces | Buy | $260.00 | - |
| Vikram Bagri | Citigroup | Raises | Buy | $254.00 | $200.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $280.00 | $285.00 |
| Philip Shen | Roth MKM | Lowers | Buy | $280.00 | $320.00 |
| Dushyant Ailani | Jefferies | Lowers | Buy | $266.00 | $271.00 |
| Julien Dumoulin-Smith | B of A Securities | Lowers | Buy | $321.00 | $343.00 |
| Jordan Levy | Truist Securities | Announces | Buy | $300.00 | - |
| Julien Dumoulin-Smith | B of A Securities | Raises | Buy | $343.00 | $320.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to First Solar. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of First Solar compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of First Solar's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into First Solar's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on First Solar analyst ratings.
Discovering First Solar: A Closer Look
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.
Revenue Growth: First Solar's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 10.81%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 35.26%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.22%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.79%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.09.
Analyst Ratings: What Are They?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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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