Stock on Focus: First Solar, Inc. (FSLR)

Company Profile:

First Solar, Inc. provides solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. The Systems segment provides turn-key photovoltaic solar power systems or solar solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, and commercial and industrial companies. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

Recent News:

On Nov. 16, 2016, First Solar, Inc. (FSLR) today announced an acceleration of Series 6 production into 2018, with approximately 3 Gigawatts of production expected in 2019.

For the third quarter of 2016, the Company reported earnings per share of $1.49, compared to $0.13 in the prior quarter. Net sales of $688 million, a decrease of $246 million from the prior quarter, due to the completion of multiple systems projects during the quarter.

On Nov. 01, 2016, First Solar, Inc. and MCE announced that MCE has entered into a Power Purchase Agreement (PPA) for electricity generated from 40MWAC of First Solar’s Little Bear Solar Project in Fresno County, CA.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

FSLR’s strengths can be seen in its strong profitability compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 33.79 with positive bias. We rate First Solar, Inc. (FSLR) a STRONG BUY.

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