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Wednesday, December 6, 2023

Make Sure You Stick With First Solar Inc (FSLR). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for First Solar Inc (FSLR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.26, or 0.79%, to $160.55. The First Solar Inc has recorded 63,149 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Four Bright Solar Stocks Heading Into 2024.

Stocks Info

First Solar Inc is listed on the NASDAQ in the Technology sector while operating in the Solar industry. At the end of the last regular session, the stock closed at $159.29 and fluctuated between $162.36 as its day high and $153.85 as its day low. The current market capitalization of First Solar Inc is $17.02B. A total of 2.09 million shares were traded on the day, compared to an average of 2.24M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, FSLR has seen 11 BUY and 14 SELL insider trades, representing the acquisition of 3,185 and the disposition of 12,669 shares. Over the last 12 months, there were 95 BUYs and 113 SELLs from insiders. Insiders purchased 285,906 shares during that period but sold 260,247.

In the most recent transaction, Verma Kuntal Kumar sold 1,621 shares of FSLR for 144.16 per share on Oct 30. After the transaction, the Chief Manufacturing Officer now owns 1,621 company shares. In a previous transaction on Oct 02, Bradley Alexander R. sold 5,000 shares at 158.23 per share. FSLR shares that Chief Financial Officer owns now total 30,419.

Among the insiders who sold shares, Bradley Alexander R. disposed of 5,500 shares on Sep 01 at a per-share price of $186.22. This resulted in the Chief Financial Officer holding 35,419 shares of FSLR after the transaction. In another insider transaction, Gloeckler Markus sold 464 shares at $182.00 per share on Aug 21. Company shares held by the Chief Technology Officer now total 7,649.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for FSLR in the last 3 months, the mean price target is $238.02 with high estimates of $326.00 and low estimates of $185.00. In terms of 52-week highs and lows, FSLR has a high of $232.00 and a low of $129.21.

As of this writing, FSLR has an earnings estimate of $3.27 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $3.54 per share and a lower estimate of $3.01. The company reported an EPS of $1.59 in the last quarter, which was 65.60% higher than expectations of $0.96.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. FSLR’s latest balance sheet shows that the firm has $1.83B in Cash & Short Term Investments as of fiscal 2021. There were $239.90M in debt and $726.88M in liabilities at the time. Its Book Value Per Share was $58.99, while its Total Shareholder’s Equity was $5.96B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FSLR is Buy with a score of 4.57.

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