Antwort Why is First Solar down? Weitere Antworten – What is the problem with First Solar

First Solar, a leading U.S. solar panel manufacturer, said on Tuesday that an audit had found that migrant workers in its operations in Malaysia were victims of forced labor.Rising interest rates, higher labor costs, and regulatory changes all hit the industry hard, sending stocks lower across the board.Is First Solar stock a Buy, Sell or Hold First Solar stock has received a consensus rating of buy. The average rating score is and is based on 62 buy ratings, 29 hold ratings, and 6 sell ratings.

Why buy First Solar : FSLR boasts an average earnings surprise of 14.2%. On a historic basis, First Solar has generated cash flow growth of 32.9%, and is expected to report cash flow expansion of 404.9% this year. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, FSLR should be on investors' short lists.

Who buys from First Solar

Historically, First Solar sold its products to solar project developers, system integrators, and independent power producers.

What are the future plans for First Solar : Additionally, First Solar has committed to powering 100% of its global manufacturing operations with renewable energy by 2028 and achieving Net Zero by 2050. First Solar has a long-standing leadership position in PV recycling having voluntarily established the industry's first global program over 15 years.

Average Price Target

Based on 20 Wall Street analysts offering 12 month price targets for First Solar in the last 3 months. The average price target is $210.45 with a high forecast of $269.00 and a low forecast of $2.03. The average price target represents a 14.10% change from the last price of $184.44.

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Is First Solar stock overvalued

Is FSLR stock undervalued or overvalued Compared to the current market price of 178.16 USD, First Solar Inc is Undervalued by 48%.However, First Solar's financial performance has been fairly strong. For Q4 2023, First Solar's revenue rose by 16% year-over-year to $1.16 billion, driven by higher module volumes and rising average selling prices. Earnings beat estimates coming in at $3.25 per share compared to a loss during the year-ago period.The consensus among 15 Wall Street analysts covering (NASDAQ: FSLR) stock is to Strong Buy FSLR stock.

By Sourasis Bose and Saikeerthi . Feb 27 (Reuters) – First Solar (FSLR. O) , opens new tab on Tuesday swung to a profit in the fourth quarter and forecast higher sales in 2024 on resilient demand for renewable energy.

Will solar stocks rebound : Naturally, a more stable inflationary environment is critical for solar industry stocks and many of these equities look poised for an extended rebound with potential rate cuts looming this year.

How high will First Solar stock go : Stock Price Forecast

The 23 analysts with 12-month price forecasts for First Solar stock have an average target of 230.24, with a low estimate of 157.56 and a high estimate of 332. The average target predicts an increase of 26.31% from the current stock price of 182.28.

Who owns 1st solar

First Solar was acquired by Leeward Renewable Energy, LLC (LRE) on Jan 25, 2021 .

First Solar's Outlook For 2024

Further, First Solar projects that its earnings per share for 2024 will fall between $13 and $14. That would nearly double its 2023 earnings per share of $7.74. Analysts were projecting a 2024 EPS of $13.26 for First Solar heading into the report, according to FactSet.FSLR Stock 12 Month Forecast

Based on 22 Wall Street analysts offering 12 month price targets for First Solar in the last 3 months. The average price target is $215.81 with a high forecast of $269.00 and a low forecast of $2.03. The average price target represents a 23.29% change from the last price of $175.04.

Should I sell FSLR : The consensus among 15 Wall Street analysts covering (NASDAQ: FSLR) stock is to Strong Buy FSLR stock.