Whales with significant capital are showing a bearish outlook on First Solar as of March 6, 2024. Approximately 45% of investors are optimistic about the stock, while 54% are bearish. Recent trading activity has seen 8 put trades totaling $735,565 and 14 call trades totaling $637,924.
Over the past three months, the predicted price range for First Solar has been between $145.0 and $175.0 based on trading patterns. Looking at options activities within a strike price range of $145.0 to $175.0 in the last month reveals some interesting trades:
– A bullish PUT SWEEP trade expiring on 06/20/25 at a strike price of $175.00 with a total trade price of $192.7K.
– Another bullish PUT SWEEP trade expiring on 03/15/24 at a strike price of $150.00 with a total trade price of $150.6K.
– A bearish CALL TRADE expiring on 03/15/24 at a strike price of $160.00 with a total trade price of $120.0K.
First Solar is a renowned company known for its solar photovoltaic products, including panels, modules, and systems for large-scale development projects.
First Solar Inc. (FSLR) Stock Price Decreases on March 6, 2024: Is it Undervalued?
On March 6, 2024, First Solar Inc. (FSLR) experienced a slight decrease in its stock price. The stock opened at $161.15, $2.09 higher than its previous close, but dropped by $0.79 throughout the day, representing a 0.50% decrease. Trading near the bottom of its 52-week range and below its 200-day simple moving average may indicate a bearish trend for the stock, suggesting it may be undervalued or facing challenges. Investors should consider broader market conditions, company-specific news, and events impacting FSLR’s stock performance on that day. Thorough research and analysis, as well as consulting with a financial advisor, are recommended before making any investment decisions based on FSLR’s performance on March 6, 2024.
First Solar Inc. Reports Impressive Financial Growth in Latest Data Release
First Solar Inc. (FSLR) has seen impressive growth in its financial performance according to the latest data released on March 6, 2024. The company reported a total revenue of $3.32 billion for the past year, which represents a 26.7% increase compared to the previous year. Additionally, the total revenue for the fourth quarter of the year was $1.16 billion, showing a significant 44.62% increase compared to the previous quarter. In terms of net income, First Solar reported a net income of $830.78 million for the past year, marking a staggering 1981.03% increase compared to the previous year. However, the net income for the fourth quarter remained flat at $349.24 million compared to the previous quarter. Earnings per share (EPS) for First Solar stood at $7.74 for the past year, showing a remarkable 1966.68% increase compared to the previous year. The EPS for the fourth quarter was $3.25, holding flat compared to the previous quarter. Overall, First Solar has demonstrated strong financial performance with significant growth in total revenue and net income over the past year. Investors and analysts will be closely monitoring First Solar’s future performance to see if the company can sustain this growth trajectory in the coming quarters.
