First Solar (FSLR, Financial) has experienced a notable surge in options trading, with a bullish sentiment prevailing. Approximately 15,542 call options have been traded, matching the expected volume and driving implied volatility up nearly 5 points to 73.36%. The most active options are the August 25th 190 calls and the April 25th 129 calls, collectively accounting for nearly 7,500 contracts.
The call options significantly outnumber the puts, as indicated by a Put/Call Ratio of 0.19, reflecting a strong market inclination towards bullish positions. Investors are eyeing First Solar ahead of its upcoming earnings report, scheduled for April 29th. This heightened activity suggests increased investor expectations and interest in the company's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for First Solar Inc (FSLR, Financial) is $232.65 with a high estimate of $304.00 and a low estimate of $145.00. The average target implies an upside of 88.17% from the current price of $123.64. More detailed estimate data can be found on the First Solar Inc (FSLR) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, First Solar Inc's (FSLR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Solar Inc (FSLR, Financial) in one year is $313.21, suggesting a upside of 153.32% from the current price of $123.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Solar Inc (FSLR) Summary page.
