First Solar Inc (FSLR) Stock AnalysisFSLRFirst Solar Inc

First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 464 watts and 532 watts, respectively. It operates in the Energy sector (SEMICONDUCTORS & RELATED DEVICES industry).

First Solar is currently not a strong buy due to its low RSI of 33.51, indicating oversold conditions, and a significant decline of 37.07% year-to-date. However, the recent upgrade from Truist to a price target of $270 suggests potential upside, but the risk of insider selling, which increased by 3716.87% last month, raises concerns about confidence in the stock.

17 analysts cover FSLR: 9 rate it Buy, 8 Hold and 0 Sell. The average price target is 280.35.