First Solar Inc. (FSLR) has experienced various market changes as seen from recent reports. The highlight was the selling of shares by Director R Kennedy. Earnings of the company were reported to be weaker than they seemed. Despite this, analysts recommended a 'Moderate Buy' rating. The company's stock experienced a jump, attributed to the prospect of cheaper borrowing costs. Steady performance is seen in the company's Q1 2024 Earnings Call and their membership in the 95-Plus Composite Rating Club illustrates positive investor sentiment.
Following a significant amount of activity regarding the company, key facts for investors to note are its higher quarterly profits due to strong demand and robust market fundamentals. First Solar also beat revenue expectations, with policy headwinds emerging primarily in Q1. The company also exhibited significant performance during Q1 2024, surpassing analyst earnings and revenue estimates. However, their Q2 earnings beat estimates, although EPS views are down.
The company's stock has risen 12.2% since their last earnings report, despite a 6% decrease this year. Nevertheless, the 30% decrease from highs seen in May 2023 has raised questions about the stock's future direction. Amidst fluctuating stock performance, First Solar's stock value stood out due to its increased ratings and Q4 earnings beat.
First Solar FSLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 19:35:04 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
