Stock Price & Analysis

Based on the provided data and recent market activity, here's a concise analysis of FSLR:

Technical Analysis

The stock is showing bearish signals with:

• RSI-14 at 36.73 indicating oversold conditions
• MACD at -6.15 with bearish crossover
• Trading below both 20-day SMA ($167.56) and 60-day SMA ($182.94)
• Current price ($159.76) testing support at Fibonacci S1 level ($158.51)

Fundamental Analysis

Key metrics show concerning valuation:

• P/E ratio: 361.37x (extremely high)
• EV/EBITDA: 290.20x
• P/S ratio: 6.09x
• P/B ratio: 2.74x

Recent Developments

• The stock has fallen 12.27% in the past month, underperforming both its sector and the S&P 500
• Upcoming earnings report expected on February 25, 2025, with projected EPS of $4.69
• Analysts maintain a Hold rating (Zacks Rank #3)

Recommendation SELL - The combination of technical weakness, extremely high valuation multiples, and upcoming earnings uncertainty suggests taking profits or reducing positions at current levels. The stock could see further downside pressure until it reaches stronger support levels or shows improvement in technical indicators.

Based on the provided data and recent analyst reports, here's the price prediction for FSLR in 2025:

First Solar's stock is expected to reach $259-$274 by end of 2025, representing a potential upside of 62-71% from current levels, driven by its technological advantage in TOPCon technology and strong tariff protection.

The company's post-2026 sales outlook has significantly improved, with Mizuho analysts particularly bullish on First Solar's negotiating power even if the 45X manufacturing tax credit expires after 2026.

The technical analysis shows the stock is currently in oversold territory with an RSI reading of 29.0, suggesting potential for a technical rebound.

The S1 support level for FSLR Stock is $155.4 ,The R1 resistant level for FSLR Stock is $168.53.

As of the end of day on 2025-02-21, the price of FSLR Stock was $155.9.

The target price for FSLR Stock according to analyst rating is 268.89, with the highest price target at 360.00 and the lowest at 209.00. Analysts have a Strong Buy rating on FSLR Stock overall.

The market cap of FSLR is $16.6B.

Based on the provided data and recent market developments, here's a comprehensive analysis of FSLR's valuation:

Technical Analysis

The stock is currently showing bearish signals with RSI at 36.73 indicating oversold conditions. The stock is trading below both its 20-day (167.56) and 200-day (212.06) moving averages, suggesting a downward trend.

Valuation Metrics

• Forward P/E: 22.27x (significant improvement from 361.37x in 2022)
• EV/EBITDA: 13.99x (down from 290.20x in 2022)
• P/S: 5.57x
• P/B: 2.75x

Financial Performance

• Revenue grew 26.7% YoY to $3.32B in 2023
• Net income improved significantly from -$44M to $831M
• Gross margin expanded from 4.87% to 39.19%
• ROE improved from -0.75% to 13.27%

Recent Developments Mizuho recently upgraded FSLR to Outperform with a $259 price target, citing:

• Strong technological advantage in TOPCon technology
• Resilience against tariffs
• Improved post-2026 sales outlook

Conclusion FSLR appears fairly valued considering:

1. Significant financial improvement in 2023
2. Strong competitive position with technological advantages
3. Current price represents a substantial discount from analyst targets
4. Trading below key moving averages suggests potential entry point
5. Robust margin expansion indicates operational efficiency

First Solar, Inc. is a solar technology company and global provider of photovoltaic cells (PV) solar energy solutions. The Company manufactures and sells PV solar modules with a semiconductor technology, which provides an alternative to conventional crystalline silicon PV solar modules. The Company operates through two segments: Modules Business and Other. Its Modules Business segment is involved in the designing, manufacturing, and selling of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the modules business segment include developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The Company's products include the Series 7 Module and Series 6 Plus module. The Company has its manufacturing locations in Malaysia, the United States and Vietnam. Its subsidiaries include First Solar Development, LLC, First Solar FE Holdings Pte. Ltd., and First Solar Malaysia Sdn. Bhd.

Based on First Solar's strong financial performance, technological leadership in thin-film solar modules, and expanding manufacturing capacity, the stock price could reach $280-300 by 2030. The projection is supported by the company's impressive revenue growth (26.7% YoY in 2023) and significant margin expansion (gross margin increased to 39.19% in 2023). The company's strategic positioning in the growing renewable energy sector, coupled with government support for clean energy initiatives, provides a solid foundation for long-term growth potential.

FSLR has a total of 6700 employees.