First Solar (FSLR, Financial) is witnessing significant activity in its options trading, with a surge of bullish sentiment. An unusually high volume of 45,947 call options has been traded, which is six times the expected amount. This surge has led to an increase in implied volatility, rising over one point to 75.97%.
The most actively traded options are the 4/25 weekly 150 calls and the 4/25 weekly 140 calls, together accounting for nearly 16,400 contracts. This suggests strong investor interest in these particular strike prices as the company approaches its upcoming earnings report.
The current Put/Call Ratio stands at 0.21, indicating a dominance of call options over puts, which typically signals a bullish outlook among investors. First Solar is poised to announce its earnings on April 29th, which may provide further catalysts for the stock's movement.
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 $232.22 with a high estimate of $304.00 and a low estimate of $145.00. The average target implies an upside of 70.01% from the current price of $136.59. 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 $312.95, suggesting a upside of 129.12% from the current price of $136.5876. 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.
