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Exploring the Growth Potential of NASDAQ:FSLR as It Nears a Breakout.

By Mill Chart

Last update: Apr 18, 2024

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether FIRST SOLAR INC (NASDAQ:FSLR) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but FIRST SOLAR INC has surfaced on our radar for growth with base formation, warranting further examination.

A Closer Look at Growth for NASDAQ:FSLR

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:FSLR boasts a 8 out of 10:

  • The Earnings Per Share has grown by an impressive 677.61% over the past year.
  • FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 41.80% yearly.
  • The Revenue has grown by 26.70% in the past year. This is a very strong growth!
  • FSLR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.14% yearly.
  • The Earnings Per Share is expected to grow by 38.26% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 16.62% on average over the next years. This is quite good.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Evaluating Health: NASDAQ:FSLR

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:FSLR scores a 5 out of 10:

  • An Altman-Z score of 4.63 indicates that FSLR is not in any danger for bankruptcy at the moment.
  • A Debt/Equity ratio of 0.07 indicates that FSLR is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.07, FSLR is in the better half of the industry, outperforming 61.32% of the companies in the same industry.
  • FSLR has a Current Ratio of 3.55. This indicates that FSLR is financially healthy and has no problem in meeting its short term obligations.
  • A Quick Ratio of 2.92 indicates that FSLR has no problem at all paying its short term obligations.
  • FSLR has a Quick ratio of 2.92. This is in the better half of the industry: FSLR outperforms 61.32% of its industry peers.

A Closer Look at Profitability for NASDAQ:FSLR

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:FSLR has earned a 6 out of 10:

  • FSLR has a better Return On Assets (8.02%) than 68.87% of its industry peers.
  • With a decent Return On Equity value of 12.42%, FSLR is doing good in the industry, outperforming 66.98% of the companies in the same industry.
  • FSLR's Return On Invested Capital of 7.73% is fine compared to the rest of the industry. FSLR outperforms 66.98% of its industry peers.
  • The Profit Margin of FSLR (25.04%) is better than 84.91% of its industry peers.
  • FSLR's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 26.70%, FSLR belongs to the top of the industry, outperforming 83.02% of the companies in the same industry.
  • FSLR's Operating Margin has improved in the last couple of years.
  • FSLR's Gross Margin has improved in the last couple of years.

How do we evaluate the setup for NASDAQ:FSLR?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:FSLR scores a 7 out of 10:

FSLR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 182.49. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of FSLR

Check the latest full technical report of FSLR for a complete technical analysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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FIRST SOLAR INC

NASDAQ:FSLR (5/24/2024, 7:00:00 PM)

After market: 277.01 +0.27 (+0.1%)

276.74

+26.93 (+10.78%)

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