Why First Solar, Inc. (NASDAQ:FSLR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $56.16 on First Solar, Inc. (NASDAQ:FSLR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.32 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of First Solar, Inc. (NASDAQ:FSLR) stands at 5.62.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For First Solar, Inc., the PEG ratio for coming 3-5 years is -0.51.

Technical Analysis

The technical analysis highlights that First Solar, Inc. current is trading $-4.24 points away or -9.99% from its 50-day moving average of $42.42. Further it is trading $-15.42 or -28.76% away its 200-day moving average of $53.60.

The 52-week high of First Solar, Inc. (NASDAQ:FSLR) was $74.29 while lowest point recorded in 52-week was $36.75. It implies if stock price makes a movement of over $-36.11, it will record a new 52-week high. In the case of +3.89% drop, it will touch a new 52-week low.

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