Investors are closely monitoring the price target for First Solar (NASDAQ:FSLR) as of March 11, 2024. Recent options trading activity suggests a bearish sentiment among major players in the market. Analysis of the options history reveals that 42% of investors had bullish expectations, while 57% had bearish expectations. Notably, there were 5 put trades totaling $191,445 and 9 call trades totaling $503,615. Market leaders have been keeping an eye on a price range for First Solar between $100.0 and $175.0 over the past quarter.
In today’s trading landscape, the average open interest for First Solar options is at 3095.21, with a total volume of 701.00. The volume and open interest trends indicate a focus on the strike price range from $100.0 to $175.0 in the last 30 days.
Notable options trades for First Solar include:
– FSLR CALL SWEEP BEARISH expiring on 03/15/24 at a strike price of $160.00 with a total trade price of $177.0K.
– FSLR CALL TRADE NEUTRAL expiring on 01/16/26 at a strike price of $130.00 with a total trade price of $66.1K.
– FSLR CALL TRADE BEARISH expiring on 06/20/25 at a strike price of $135.00 with a total trade price of $55.7K.
– FSLR CALL TRADE BEARISH expiring on 04/19/24 at a strike price of $170.00 with a total trade price of $47.9K.
– FSLR PUT TRADE BEARISH expiring on 01/17/25 at a strike price of $160.00 with a total trade price of $46.5K.
An analyst from Oppenheimer has upheld an Outperform rating on First Solar, setting a current price target of $269.
First Solar Inc. (FSLR) Sees Stock Surge on March 11, 2024: Potential Turnaround Ahead
On March 11, 2024, First Solar Inc. (FSLR) saw some positive movements in its stock performance. FSLR was trading near the bottom of its 52-week range and below its 200-day simple moving average. However, on that day, the stock showed some signs of improvement.
The price of FSLR shares had increased by $0.81 since the market last closed, representing a 0.50% rise. The stock closed at $162.16. Additionally, in after-hours trading, the stock continued to rise, with a further increase of $1.32.
This uptick in FSLR’s stock performance could be attributed to positive news or developments within the company or the industry. Investors may have also been reacting to broader market trends or economic indicators driving up the value of solar energy stocks.
The positive momentum seen on March 11th could signal a potential turnaround for FSLR. Investors will likely be keeping a close eye on future developments to see if this upward trend continues.
It is important for investors to conduct their own research and analysis before making any investment decisions. Stock prices can be volatile and subject to various factors that may impact their performance. Keeping abreast of the latest news and developments in the industry can help investors make informed choices about their investments.
First Solar (FSLR) Stock Shows Impressive Financial Results on March 11, 2024
On March 11, 2024, First Solar (FSLR) stock showed impressive performances as the company reported strong financial results. FSLR’s total revenue for the past year stood at $3.32 billion, representing a 26.7% increase compared to the previous year. In the fourth quarter alone, the company generated $1.16 billion in revenue, marking a substantial 44.62% increase from the previous quarter.
Net income for FSLR also saw significant growth, with the company reporting $830.78 million in net income for the year, a staggering 1981.03% increase from the previous year. However, net income remained flat at $349.24 million in the fourth quarter compared to the previous quarter.
Earnings per share (EPS) for FSLR showed remarkable growth as well, with the company reporting an EPS of $7.74 for the year, a 1966.68% increase from the previous year. In the fourth quarter, EPS increased by 30.05% to $3.25.
Overall, FSLR’s strong financial performance on March 11, 2024, reflects the company’s ability to drive revenue growth and improve profitability. Investors may view these results positively, indicating that FSLR is on a path of sustainable growth and profitability in the renewable energy sector.
