Extremely significant positive changes in First Solar Inc (NASDAQ: FSLR) investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Recent minimal positive changes in fundamentals have benefitted First Solar Inc (NASDAQ: FSLR): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FSLR is expected to continue to be a major Value Builder.
First Solar has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Solar has a poor Power Rating of 30 and a poor Appreciation Score of 20, resulting in the Lowest Value Trend Rating.
Recent Price Action
First Solar Inc (NASDAQ: FSLR) stock closed at $168.67 on 12/15/23 after a very large increase of 6.6%. Moreover, exceptionally high trading volume at 236% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 17.0% during the last week.
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