Leading solar player First Solar, Inc. (FSLR) is generating mixed reactions from analysts. Despite hitting a 52-week low at $145.77, several positive business updates showcase potential. Amidst the evident challenges, the company announced record sales and an upbeat H2-weighted guidance, providing some respite. A rating downgrade is noted due to lack of policy clarity, however, many analysts such as Truist Financial and BMO Capital Markets have reiterated their 'buy' ratings. The National Pension Service purchased additional First Solar shares while legal action was initiated against JinkoSolar for infringement of TOPCon technology patents, a move set to reshape the industry landscape.
FSLR has reported strong Q4 revenue, but has missed EPS expectations. Moreover, several financial institutions, including Citigroup and Guggenheim, have slashed expectations for First Solar's stock price. Yet, the company remains devoted to its 2025 target of a $20 EPS. Amid all these events, First Solar's stock has seen unusually high options trading highlighting a robust interest from investors in its potential growth trajectory.
First Solar FSLR News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 01 Mar 2025 23:15:09 GMT - Rating 0 - Innovation 5 - Information 8 - Rumor -5
