First Solar Inc Stock Forecast:
According to 35 analysts, the average target price for First Solar Inc over the next 12 months is USD 190.36, and the average analyst rating is Buy. However, Stock Target Advisor‘s analysis of the company’s stock is Neutral, based on 5 positive and 5 negative signals. First Solar Inc’s stock price at the last closing was USD 207.89, representing a 3.11% increase over the past week, a 0.08% increase over the past month, and a significant 162.82% increase over the last year.
Analysts Coverage Change:
Deutsche Bank Downgrades First Solar Inc. to a “Hold” rating and raises the price target to $230 from $190 on the company’s stock.
Positive Fundamentals:
First Solar Inc. stock has a high market capitalization, making it one of the largest entities in its sector, and is among the top quartile, indicating more stability. It has superior risk-adjusted returns compared to its peers over a hold period of at least 12 months and is in the top quartile. The company has low debt, making it more flexible than its peers, and is among the top quartile. It has positive total and free cash flow in the most recent four quarters.
Negative Fundamentals:
First Solar Inc. stock has several drawbacks that investors may not like. Firstly, it offers below-median dividend returns, making it less attractive for those seeking income. Additionally, the stock is overpriced compared to its earnings, cash flow, and free cash flow on a peer basis, which may indicate that it is not a good value buy. Lastly, the company has exhibited below-median revenue growth in the previous five years compared to its sector, which may be a cause for concern for investors.
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.
