imagine we have a big box of toys that we want to share with our friends. first solar, inc. is like one of the coolest toys in the box. people are talking about it a lot lately, so we want to figure out if it's a good toy to play with. to do that, we look at how much other kids want to play with it (by looking at how much it costs), and how well it works (by looking at how many toys it can make). we also check if it's better than other toys in the box. after looking at all these things, we can decide if it's a good toy to play with or not. Read from source...
No.
### Zacks:
First Solar, Inc. (FSLR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
### First Solar:
First Solar is committed to reducing the cost of solar energy and increasing the use of renewable energy sources worldwide.
### Benzinga:
First Solar has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
### Zacks:
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
### First Solar:
First Solar reported revenues of $1.01 billion in the last reported quarter, representing a year-over-year change of +24.7%. EPS of $3.25 for the same period compares with $1.85 a year ago.
### Benzinga:
Over the past month, shares of this largest U.S. solar company have returned -6.6%, compared to the Zacks S&P 500 composite's -5.9% change. During this period, the Zacks Solar industry, which First Solar falls in, has lost 2.1%.
### Zacks:
For the current quarter, First Solar is expected to post earnings of $3.37 per share, indicating a change of +34.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -11.2% over the last 30 days.
### First Solar:
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions.
### Benzinga:
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
For First Solar, the consensus sales estimate for the current quarter of $1.16 billion indicates a year-over-year change of +45%.
### Zacks:
Last Reported Results and Surprise History
First Solar reported revenues of $1.01 billion in the last reported quarter, representing a year-over-year change of +24.7%. EPS of $3.25 for the same period compares with $1.85 a year ago.
### First Solar:
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Neutral
Why First Solar, Inc. Is a Trending Stock
- The consensus EPS estimate for FY24 is $13.56 (change of +75.2% YoY).
- The consensus EPS estimate for FY25 is $21.10 (change of +55.6% YoY).
- First Solar reported revenues of $1.01 billion in the last reported quarter (change of +24.7% YoY) and beat consensus EPS estimates in each of the trailing four quarters.
- First Solar is currently graded B on valuation, indicating that it is trading at a discount to its peers.
- The Zacks Rank #3 (Hold) for First Solar suggests that it may perform in line with the broader market in the near term.
- There's no indication that First Solar is a buy, hold, or sell; rather, the focus is on providing a neutral overview of the company's recent performance.