First Solar (FSLR) Stock Sinks As Market Gains: Here's Why

First Solar (FSLR) closed at $162.50 in the latest trading session, marking a -0.23% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.24%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq gained 0.08%.The the stock of largest U.S. solar company has fallen by 11.25% in the past month, lagging the Oils-Energy sector's loss of 3.18% and the S&P 500's gain of 2.37%.Market participants will be closely following the financial results of First Solar in its upcoming release. The company plans to announce its earnings on February 25, 2025. The company's earnings per share (EPS) are projected to be $4.69, reflecting a 44.31% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.47 billion, showing a 26.91% escalation compared to the year-ago quarter.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for First Solar. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% increase. First Solar is currently a Zacks Rank #3 (Hold).Looking at valuation, First Solar is presently trading at a Forward P/E ratio of 8. Its industry sports an average Forward P/E of 9.28, so one might conclude that First Solar is trading at a discount comparatively.One should further note that FSLR currently holds a PEG ratio of 0.18. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 0.54 based on yesterday's closing prices.The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% of all industries, numbering over 250.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks