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What's Driving First Solar's Outperformance?

First Solar stock price jumped almost 3.5x from $56 at the end of 2019 to $193 currently, primarily due to favorable changes in its P/S multiple. However.. ....

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Is There a Dimmer Outlook Ahead for First Solar Inc. (FSLR)?

First Solar Inc. (NASDAQ:FSLR) went up by 0.20% from its latest closing price compared to the recent 1-year high of $145.74. The company’s stock price has collected -8.21% of loss in the last five trading sessions. The Wall Street Journal reported on 09/25/22 that Wind Project Sparks Battle in Rur ....

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Here's Our Rant About First Solar Inc. (FSLR)

First Solar Inc. (NASDAQ:FSLR) went up by 4.71% from its latest closing price compared to the recent 1-year high of $140.64. The company’s stock price has collected 8.12% of gains in the last five trading sessions. The Wall Street Journal reported on 09/25/22 that Wind Project Sparks Battle in Rur ....

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Weak Revenues Could Drag First Solar Stock Down to $70 -- Trefis


First Solar stock’s rise since late 2018 came due to a 21% jump in revenues from $2.24 billion in FY 2018 to $2.71 billion in FY 2020. Despite a 1.3% increase in the outstanding share count, revenue-per-share (RPS) rose from $21.46 in FY ’18 to $25.59 in FY ’20.
In addition, First Solar’s P/S (price-to-sales) ratio rose from 2x in 2018 to 3.9x in 2020, before dropping to 3.4x currently, as the markets are pulling back from recent highs. However, given First Solar’s mixed full-year 2020 results, there is further downside risk for the company’s P/S multiple.
So what’s the likely trigger and timing to this downside? ....

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