Digging Up the Facts on First Solar, Inc. (FSLR)

First Solar, Inc. (FSLR) is an interesting player in the Technology space, with a focus on Semiconductor – Specialized. The stock has been active on the tape, currently trading at $47.20, down from yesterday’s close by -0.99%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. First Solar, Inc. (FSLR) currently trades with a market capitalization of $4.90 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FSLR, the company currently has $1.53 Billion of cash on the books, which is offset by $13.57 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $240.06 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.77 on a per share basis this quarter. Perhaps, that suggests something about why 54.90% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how FSLR has been acting. Looking at the stock’s movement on the chart, First Solar, Inc. recorded a 52-week high of $53.00. It is now trading 5.8% off that level. The stock is trading $47.73 its 50-day moving average by 0.52999999999999%. The stock carved out a 52-week low down at $25.56.

In recent action, First Solar, Inc. (FSLR) has made a move of +0.79% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 14.19% with $77.14 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FSLR.

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