The medium term support area around 51.79 USD should allow First Solar, Inc. shares to re-establish an upward trend in the short term.
Summary
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 52.41 USD in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The tendency within the weekly time frame is positive above the technical support level at 52.41 USD
Weaknesses
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
● The company's earnings releases usually do not meet expectations.
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First Solar, Inc. specializes in the design, manufacturing and marketing of photovoltaic solar modules. Net sales break down by activity as follows:
- sale of photovoltaic modules (99.3%);
- sale of photovoltaic systems (0.6%).
- other (0.1%).
Net sales are distributed geographically as follows: the United States (96%), France (2.1%), Japan (0.2%), and other (1.7%).