First Solar Stock Fair Value – First Solar Shines Brighter with Rating Upgrade

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The dawn of First Solar ($NASDAQ:FSLR) is here, with the company recently receiving a rating upgrade! First Solar is an American company that designs, manufactures, and sells solar modules based on thin film semiconductor technology. With its innovative photovoltaic technology, First Solar has been able to increase efficiency and reduce costs of solar modules. This, along with its strong balance sheet and a long-term vision of continued growth, has earned the company a ratings upgrade from Moody’s.

This new rating reflects First Solar’s strong market position and ability to generate long-term value for its shareholders. With this positive news, the future of First Solar looks bright indeed.

Market Price

On Thursday, FIRST SOLAR saw its stock price drop slightly as it opened at $145.4 and closed at $144.2, down 0.8% from its prior closing price of 145.3.

However, the company is still shining brighter following the recent upgrade of its rating from Moody’s Investors Service. Moody’s upgraded FIRST SOLAR’s corporate family rating from B3 to B2 and its outlook was revised to “positive” from “stable”. The change in outlook reflects FIRST SOLAR’s improved liquidity profile and overall debt position as well as its strong performance in the solar industry. With this rating upgrade, FIRST SOLAR is now considered a higher credit risk than before, meaning investors may be more likely to invest in the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for First Solar. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for First Solar. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for First Solar. More…

Key Ratios Snapshot

Some of the financial key ratios for First Solar are shown below. More…

Analysis – First Solar Stock Fair Value

GoodWhale has conducted an analysis of FIRST SOLAR‘s fundamentals and determined the fair value of FIRST SOLAR share to be around $137.7. This was calculated using GoodWhale’s proprietary Valuation Line, which uses a combination of market data and a variety of financial analysis techniques to determine the intrinsic value of a company’s stock. Currently, FIRST SOLAR stock is trading at $144.2, a fair price that is overvalued by 4.7%. While this may be due to investor excitement or anticipation of potential opportunities, it is important to note that this could lead to an overvaluation of the company’s stock. As such, investors should be aware of this discrepancy and remain cautious when making investing decisions. More…

Peers

First Solar Inc is one of the world’s leading solar panel manufacturers. The company has a strong market presence in Asia, Europe, and the United States. First Solar’s main competitors are JA Solar Technology Co Ltd, Solar Philippines Nueva Ecija Corp, and Folkup Development Inc.

– JA Solar Technology Co Ltd ($SZSE:002459)

JinkoSolar Holding Co., Ltd. engages in the business of solar power products, services, and system solutions. It operates through the following segments: Module Products, Generating Systems, and Others. The Module Products segment designs, develops, manufactures, and sells solar modules. The Generating Systems segment provides solar generating systems that are connected to the power grid and generate electricity. The Others segment comprises of silicon wafers, solar cells, and other products. JinkoSolar was founded on September 28, 2006 and is headquartered in Shanghai, China.

– Solar Philippines Nueva Ecija Corp ($PSE:SPNEC)

Solar Philippines Nueva Ecija Corp is a solar power company that develops, builds, owns, and operates solar power plants in the Philippines. The company has a market capitalization of 11.9 billion as of 2022 and a return on equity of -3.62%. Solar Philippines Nueva Ecija Corp is engaged in the business of developing, constructing, owning, and operating solar power plants.

– Folkup Development Inc ($OTCPK:FLDI)

Folkup Development Inc has a market cap of 49M as of 2022, a Return on Equity of 40.0%. The company is engaged in the business of developing software applications. It has a strong focus on delivering high quality products and services to its clients. The company’s products are used by major corporations around the world. Folkup Development Inc has a strong reputation for delivering innovative and reliable software solutions.

Summary

First Solar is an American photovoltaic manufacturer and energy solutions provider that produces solar modules with a thin-film semiconductor technology. Recently, the company has received a rating upgrade from Morningstar as a viable long-term investment. First Solar is expected to benefit from an expanding photovoltaic market and its competitive position is set to improve due to efficient cost control. Moreover, the company has strong research and development capabilities, which should drive innovation and improve its products.

Additionally, the company is expanding in new markets, such as energy storage solutions, thus expanding its customer base. With an increasing customer base and a promising outlook for photovoltaic market growth, First Solar is likely to experience significant growth in the near future. As such, investors should consider First Solar as a viable long-term investment choice.