First Solar, Inc. FSLR is a manufacturer of solar modules that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FSLR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that First Solar could be a solid choice for investors.
Current Quarter Estimates for FSLR
In the past 30 days, six estimates have gone higher for First Solar while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 80 cents today, a significant move.
Current Year Estimates for FSLR
Meanwhile, First Solar’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 54 cents per share 30 days ago to $2.22 per share today, a significant increase.
First Solar, Inc. Price and Consensus
First Solar, Inc. Price and Consensus | First Solar, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 11.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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First Solar, Inc. (FSLR) : Free Stock Analysis Report
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