Key Highlights:
- First Solar's stock has surged 12% in the past month, signaling strong market momentum.
- Analysts foresee a substantial upside, with price targets suggesting a gain potential of over 60%.
- GuruFocus estimates reveal a potential 120% upside, signifying significant undervaluation.
Overview of First Solar's Current Market Position
First Solar (FSLR, Financial) has made noteworthy strides in the past month, witnessing a remarkable 12% increase in its stock price. This upward trajectory aligns with prevailing market trends, suggesting that investors are optimistic about the company's future. First Solar's anticipated annual revenue growth of 19.3% and projected earnings of US$3.2 billion by 2028 underpin its robust growth potential. Trading at US$135.35, the stock presents a substantial discount when measured against the analyst target of US$228.59, thereby offering intriguing investment opportunities.
Wall Street's Optimism: Analyst Forecasts
Wall Street analysts are projecting a positive outlook for First Solar Inc (FSLR, Financial). With input from 32 analysts, the average target price is pegged at $228.47. The high estimate reaches $304.00, while the low estimate is $145.00. This average target price indicates a potential upside of 61.05% from the current price of $141.86. For a more comprehensive understanding, investors can explore further details on the First Solar Inc (FSLR) Forecast page.
Further reinforcing this view, a consensus recommendation from 38 brokerage firms positions First Solar Inc's (FSLR, Financial) average recommendation at 1.9, which translates to an "Outperform" rating. This rating is part of a scale where 1 represents a Strong Buy, and 5 signifies a Sell.
Assessing Value through GuruFocus Metrics
According to GuruFocus estimates, the projected GF Value for First Solar Inc (FSLR, Financial) in one year's time is $312.48. This projection suggests a significant upside of 120.27% from the current trading price of $141.86. GF Value represents GuruFocus' fair value estimate of the stock, calculated by considering historical trading multiples, past business growth, and future performance forecasts. Investors seeking further insights can visit the First Solar Inc (FSLR) Summary page for detailed data.
