First Solar Inc. ($FSLR) Stock Forecast: Up 5.0% Today

What is First Solar Inc.?

First Solar (FSLR) is a leading solar energy company that specializes in designing and manufacturing solar panels and systems for commercial and residential use. The company is known for its innovative approach to renewable energy solutions.

Why is First Solar Inc. going up?

FSLR stock is up 5.0% on Nov 1, 2024 19:25

• Despite missing Q3 earnings and revenue estimates, First Solar (FSLR) experienced a strong bullish movement in the market.
• Conflicting views from analysts have caused uncertainty among investors, with some recommending buying the stock while others advise caution.
• The stock's premium valuation and the company's cut in FY24 guidance after worse-than-expected Q3 results could have initially led to a bearish sentiment. However, investors seem to perceive long-term potential in the company's strategic direction and future prospects.
• The bullish movement in FSLR's stock price could be attributed to short-term market dynamics, investor sentiment, and possibly renewed optimism in the renewable energy sector.

FSLR Price Chart

FSLR Technical Analysis

FSLR News

Is It Worth Investing in First Solar ( FSLR ) Based on Wall Street's Bullish Views?

The average brokerage recommendation (ABR) for First Solar (FSLR) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

https://www.zacks.com/stock/news/2362560/is-it-worth-investing-in-first-solar-fslr-based-on-wall-streets-bullish-views

First Solar's Q3 Earnings Miss Estimates: To Hold or Fold the Stock?

Investors interested in solar stocks should refrain from buying FSLR right now, considering its premium valuation. Yet, those who own it may continue to do so, taking into account its upbeat estimates.

https://www.zacks.com/stock/news/2361781/first-solars-q3-earnings-miss-estimates-to-hold-or-fold-the-stock

First Solar ( FSLR ) Misses Q3 Earnings and Revenue Estimates

First Solar (FSLR) delivered earnings and revenue surprises of -6.13% and 16.98%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2359948/first-solar-fslr-misses-q3-earnings-and-revenue-estimates

First Solar Stock Sinks After Worse-Than-Expected Q3 Results, Cut FY24 Guidance - First Solar ( NASDAQ:FSLR )

First Solar, Inc. FSLR reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter. The Details: First Solar reported quarterly earnings of $2.91 per share, which missed the analyst consensus estimate of $3.13.

https://www.benzinga.com/news/earnings/24/10/41613167/first-solar-stock-sinks-after-worse-than-expected-q3-results-cut-fy24-guidance

This First Solar Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday - First Solar ( NASDAQ:FSLR )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Citigroup analyst Renata Cabral upgraded the rating for Coca-Cola FEMSA, S.A.B. de C.V.

https://www.benzinga.com/news/24/10/41600243/this-first-solar-analyst-turns-bullish-here-are-top-5-upgrades-for-monday

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First Solar Inc. Price History

01.09.2024 - FSLR Stock was down 4.6%

• Despite a positive long-term outlook and bullish sentiment in the options market, First Solar (FSLR) experienced bearish movement today.
• The slight increase in stock price was not sustained, possibly indicating a short-term fluctuation in the market.
• The analyst's Buy rating and optimistic price forecast may not have been enough to offset broader market trends impacting First Solar's stock performance.
• While First Solar has historically outperformed the market, today's bearish movement could be attributed to broader market conditions or specific industry-related factors affecting the stock.

30.09.2024 - FSLR Stock was down 8.6%

• First Solar (FSLR) saw a notable decrease in market value today for several reasons:
• The company's Q3 results fell short of expectations, with earnings and revenue missing projections, leading to decreased investor confidence.
• First Solar revised its FY24 guidance downward, further impacting investor sentiment.
• Positive outlook on competing companies by analysts and unfavorable options activity on First Solar by major financial institutions likely influenced the stock's decline.
• The announcement of an investigation by Bronstein, Gewirtz and Grossman, LLC may have also contributed to uncertainty and selling pressure on First Solar shares.

10.09.2024 - FSLR Stock was down 9.3%

• FSLR witnessed substantial bearish movement today, diverging from the general market trend.
• The downturn in the stock price was attributed to a broader decline in clean energy stocks across the sector, following a lowered price target for First Solar.
• Noteworthy investors have displayed a bearish outlook on FSLR, visible through their recent activities in FSLR options, contributing to the negative market sentiment surrounding the company.
• Despite the market-wide downturn, First Solar demonstrated minor gains, demonstrating resilience amid the sector's adversities.

10.09.2024 - FSLR Stock was down 7.8%

• Despite the overall market dip, First Solar (FSLR) managed to gain slightly in today's trading session.
• The bearish movement in FSLR's stock price could be attributed to the significant bets placed by deep-pocketed investors on bearish options, indicating a lack of confidence in the company's short-term performance.
• It's possible that investors are cautious about the company's future prospects or there may be specific concerns within the renewable energy sector impacting FSLR's stock negatively.
• The slight gain amidst a bearish market movement could indicate some resilience in FSLR's stock or potentially some positive news or developments within the company that are outweighing the broader market sentiment.

10.09.2024 - FSLR Stock was down 6.6%

• Despite the overall market dip, First Solar (FSLR) demonstrated resilience by slightly increasing its value, indicating stability amidst market volatility.
• The positive performance of FSLR could be linked to specific company updates or advancements that instilled confidence in investors.
• Investor optimism about First Solar's growth potential and technological progress in the solar energy sector may have contributed to the stock's strong showing.
• By deviating from the general market trend, First Solar (FSLR) appears to be well-received by investors due to its distinctive positioning and effective strategic initiatives, propelling the stock's upward trajectory.

17.08.2024 - FSLR Stock was up 5.0%

• FSLR saw a notable increase in its stock value today, in line with the overall positive performance of solar stocks.
• The uptick in the market is likely linked to growing enthusiasm for alternative energy assets, a sentiment that gained traction after specific remarks during a significant event.
• While there were instances of bearish options trading for FSLR, the general market sentiment remains bullish, propelling the stock's upward trajectory.
• Investors seem upbeat about the future of solar energy firms like FSLR, buoyed by the heightened focus on sustainable and renewable energy sources.

18.08.2024 - FSLR Stock was up 5.1%

• Despite some high-rolling investors holding bearish positions on FSLR options, the stock surged, hinting at a divergence between institutional views and market behavior.
• The recent rise in solar stock prices following the presidential debate, which spotlighted alternative energy assets, likely played a role in propelling FSLR's upward movement.
• While FSLR gained in the market, it ended slightly down by the close of the latest trading session, illustrating some volatility in its share price.
• Mixed sentiments were evident among savvy investors, as some took bearish stances on FSLR options, indicating varied market perceptions that did not hinder the stock's positive trajectory.

26.08.2024 - FSLR Stock was up 5.4%

• FSLR stock experienced a strong bullish movement today, with a slight decline in its closing price from the previous session.
• The options market sentiment is mixed, with an equal number of bullish and bearish traders, indicating a certain level of uncertainty.
• Suggestions to exercise caution when considering FSLR due to its premium valuation hint at potential investor concerns in the present market climate.
• Nonetheless, optimistic forecasts and expansion initiatives at FSLR are likely boosting investor confidence and fueling the stock's bullish trend.

26.08.2024 - FSLR Stock was up 5.3%

• The stock of First Solar (FSLR) experienced a strong bullish movement, despite a slight dip in the stock price at the closing of the latest trading day.
• Over the past decade, First Solar (FSLR) has outperformed the market with an average annual return of 14.74%, garnering bullish sentiment from financial giants in the options market.
• Investors should exercise caution due to the stock's premium valuation, although positive market movement may be influenced by optimistic estimates and plans for manufacturing capacity expansion.
• The positive trend in FSLR's performance can be attributed to industry benchmarks and the confidence displayed by smart money through bullish options trades.

23.09.2024 - FSLR Stock was down 5.0%

• The stock had a bearish movement today despite analyst upgrades and positive outlooks, indicating a possible profit-taking scenario.
• The anticipation of the upcoming earnings report may have led to some investors selling off their positions, causing a short-term dip in the stock price.
• The overall market sentiment towards renewable energy companies post-election could have influenced profit-taking in First Solar, as investors reposition their portfolios based on potential election outcomes.

23.09.2024 - FSLR Stock was down 5.0%

• Upgrades by analysts and positive options activity may have initially boosted optimism about First Solar.
• However, disappointment over the upcoming earnings report not meeting expectations likely triggered profit-taking and a bearish trend.
• Uncertainty surrounding post-election outcomes for renewable energy companies, including First Solar, may have contributed to the stock's downward trajectory.
• Despite the recent bearish movement, First Solar has shown impressive long-term performance, significantly outperforming the market over the past decade.

01.10.2024 - FSLR Stock was up 5.0%

• Despite missing Q3 earnings and revenue estimates, First Solar (FSLR) experienced a strong bullish movement in the market.
• Conflicting views from analysts have caused uncertainty among investors, with some recommending buying the stock while others advise caution.
• The stock's premium valuation and the company's cut in FY24 guidance after worse-than-expected Q3 results could have initially led to a bearish sentiment. However, investors seem to perceive long-term potential in the company's strategic direction and future prospects.
• The bullish movement in FSLR's stock price could be attributed to short-term market dynamics, investor sentiment, and possibly renewed optimism in the renewable energy sector.