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MarketScreener Homepage  >  Equities  >  Nasdaq  >  First Solar, Inc.    FSLR

FIRST SOLAR, INC.

(FSLR)
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First Solar, Inc. : Helped by a technical support level

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11/07/2019 | 10:22am EST
long trade
Live
Entry price : 54.105$ | Target : 59.9$ | Stop-loss : 50.9$ | Potential : 10.71%
The medium term support area around 51.79 USD should allow First Solar, Inc. shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the $ 59.9.
First Solar, Inc. : First Solar, Inc. : Helped by a technical support level
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 52.41 USD in weekly data.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The tendency within the weekly time frame is positive above the technical support level at 52.41 USD

Weaknesses
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The company's earnings releases usually do not meet expectations.
Ratings chart
Subsector Renewable Energy Equipment & Services
1st jan.Capitalisation (M$)Investor Rating
FIRST SOLAR, INC.27.95%5 726
VESTAS WIND SYSTEMS30.10%18 714
SIEMENS GAMESA RENEWABLE EN..24.95%9 997
XINJIANG GOLDWIND SCIENCE &..--.--%6 776
XINYI SOLAR HOLDINGS LIMITE..69.78%4 874
SOLAREDGE TECHNOLOGIES, INC..123.11%3 807
NEOEN25.92%2 239
ENPHASE ENERGY, INC.283.09%2 218
SUNGROW POWER SUPPLY CO LTD--.--%2 017
SUNRUN INC.24.33%1 599
-
BALLARD POWER SYSTEMS INC.174.70%1 581
Autres valeurs du secteur

David Meurisse
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 3 493 M
EBIT 2019 316 M
Net income 2019 255 M
Finance 2019 1 435 M
Yield 2019 -
P/E ratio 2019 22,8x
P/E ratio 2020 14,7x
EV / Sales2019 1,23x
EV / Sales2020 1,23x
Capitalization 5 726 M
Upcoming event on FIRST SOLAR, INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 70,93  $
Last Close Price 54,32  $
Spread / Highest target 52,8%
Spread / Average Target 30,6%
Spread / Lowest Target 6,77%
EPS Revisions
Managers
NameTitle
Mark R. Widmar Chief Executive Officer & Director
Michael J. Ahearn Non-Executive Chairman
Philip Tymen de Jong Chief Operating Officer
Alexander R. Bradley Chief Financial Officer
Raffi Garabedian Chief Technology Officer