First Solar Inc Stock Forecast:
First Solar Inc’s average analyst target price is $193.00 for the next 12 months, and the average analyst rating is “Buy.” However, Stock Target Advisor‘s analysis of the company’s stock is “Neutral” based on 5 positive signals and 5 negative signals. As of the last closing, the stock price was $216.89, showing a positive change of +4.07% over the past week, +3.19% over the past month, and a remarkable increase of +199.70% over the last year.
Analysts Coverage Change:
Citigroup Downgrades First Solar (FSLR:NSD) to a “Sell” and lowers the price target to $194 from $220 on the company’s stock.
Positive Fundamentals:
First Solar Inc. is a stock that has a high market capitalization, making it one of the largest entities in its sector and among the top quartile, which implies greater stability. Additionally, the stock has shown superior risk-adjusted returns compared to its sector peers, placing it in the top quartile for a hold period of at least 12 months. The company has low debt, which makes it more flexible and puts it among the top quartile of its peers. Furthermore, First Solar Inc. has positive total cash flow and positive total free cash flow in the most recent four quarters, indicating that it is generating positive cash flows. However, it is recommended to keep track of the news and the sector to ensure that the low debt is not due to a lack of growth potential.
Negative Fundamentals:
First Solar Inc. stock has below median dividend returns and low average income yield over the past 5 years compared to its peers. The stock is also overpriced compared to earnings, cash flow, and free cash flow basis, and is above the sector median. Additionally, the company has shown below median revenue growth in the previous 5 years compared to its sector. Therefore, caution is advised when considering buying this stock.
FA Score (Fundamental Analysis):
The fundamental analysis of First Solar Inc. stock is “Neutral” with a FA score of 5 out of 10, where 0 is very bearish and 10 is very bullish.
