First Solar, Inc. (NASDAQ:FSLR) is trending Tuesday ahead of the company’s fourth-quarter earnings report after the market closes.
Fourth-Quarter Expectations, Recent Performance And What To Watch
First Solar is projected to report earnings per share of $5.15 and revenue of $1.56 billion. The company has topped revenue estimates in each of the last four quarters and has beaten earnings expectations once during that period.
In its most recent quarter, reported Oct. 30, First Solar posted earnings per share of $4.24, narrowly missing the consensus estimate of $4.25. Revenue came in at $1.60 billion, ahead of expectations of $1.56 billion.
“While trade and policy developments have introduced new challenges for many in our industry, we continue to differentiate ourselves by offering pricing and delivery certainty, enabling us to respond effectively to evolving demand drivers and reinforce our leadership,” said Mark Widmar, CEO, in the company’s third-quarter earnings report.
Technical Setup Reflects Underlying Strength
First Solar is currently positioned 5.5% above its 20-day SMA and 14.7% above its 200-day SMA, reflecting short-term and long-term bullish trends. Over the past 12 months, the stock has surged 58.36%, and it is trading closer to its 52-week high of $285.99 than its low of $116.56.
The RSI stands at 53.95, indicating a neutral market momentum, while the MACD, at -2.4264, is above its signal line at -4.9657, suggesting a bullish crossover. These indicators highlight underlying strength despite some recent price fluctuations below the 50-day and 100-day SMAs.
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for First Solar, highlighting its strengths and weaknesses compared to the broader market:
- Value Rank: Moderate (Score: 65.73/100) — Reflects a balanced valuation relative to market peers.
- Growth Rank: Strong (Score: 72.58/100) — Indicates robust growth potential.
- Quality Rank: Strong (Score: 83.52/100) — Demonstrates high operational and financial quality.
- Momentum Rank: Strong (Score: 86.1/100) — Stock is outperforming the broader market in terms of price momentum.
The Verdict: First Solar’s Benzinga Edge signal reveals a robust profile with strong scores in growth, quality, and momentum, suggesting that the stock is well-positioned for future performance. However, its moderate value score indicates that while the stock is not overpriced, it’s essential for investors to consider the balance between growth prospects and current value.
First Solar Stock Edges Higher
FSLR Price Action: At the time of writing, First Solar shares are trading 1.26% higher at $244.85, according to data from Benzinga Pro.
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