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First Solar Inc. (FSLR-Q)
NASDAQ:FSLR
206.74
2.00
(0.96%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$216.960
Unknown
We reiterate this international manufacturer of solar power panels. Although latest earnings did not meet analyst expectations, things are still solid. Sales back logs show they are sold out of product until into 2026 -- this will bring steady revenue. Cash reserves are growing and debt is being reduced. We recommend keeping the stop-loss at $168, looking to achieve $214 -- upside potential of 21% from here. Yield 0%
(Analysts’ price target is $214.15)Demand for solar power and their stocks enjoy huge tailwings. ESG is one. Companies like Blackrock and Exxon Mobil are making ESG a serious priority, for example. Secondly, out electric grid is falling apart. Witness the Texas outage last winer. Third, new homeowners are happy to add solar panels to their roofs as prices of panels keep plunging. Fourth, governments are supporting solar panels more and more; for example, the federal government is offering tax credits, and Biden wants to extend the solar tax credit by 10 years. Also, Biden has slapped tariffs on foreign panels, and the American industry is divided over this. One of his three favourite solar stocks is First Solar. FS makes its own panels and proprietary technology. They're sold out for 2021 and nearly for 2022. They have an excellent balance and trades at 21x earnings. You can buy a partial position write now or buy on dips.
First Solar Inc.(FSLR-Q) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 9
First Solar Inc.(FSLR-Q) Frequently Asked Questions
What is First Solar Inc. stock symbol?
First Solar Inc. is a American stock, trading under the symbol FSLR-Q on the NASDAQ (FSLR). It is usually referred to as NASDAQ:FSLR or FSLR-Q
Is First Solar Inc. a buy or a sell?
In the last year, 9 stock analysts published opinions about FSLR-Q. 9 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Solar Inc..
Is First Solar Inc. a good investment or a top pick?
First Solar Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for First Solar Inc..
Why is First Solar Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is First Solar Inc. worth watching?
9 stock analysts on Stockchase covered First Solar Inc. In the last year. It is a trending stock that is worth watching.
What is First Solar Inc. stock price?
On 2023-06-02, First Solar Inc. (FSLR-Q) stock closed at a price of $206.74.
Our PAST TOP PICK with FSLR has achieved its target at $214. To remain disciplined, we recommend covering half the position at this time and trailing up the stop to $171. When combined with our previous recommendation, this investment has a net investment gain of 52% so far.