NASDAQ:FSLR, a strong growth stock, setting up for a breakout.

Last update: Mar 8, 2024

Exploring Growth Potential: FIRST SOLAR INC (NASDAQ:FSLR) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and FIRST SOLAR INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected FIRST SOLAR INC on our screen for growth with base formation, suggesting it merits a closer look.

Looking at the Growth

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:FSLR has earned a 8 for growth:

FSLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 677.61%, which is quite impressive.
The Earnings Per Share has been growing by 41.80% on average over the past years. This is a very strong growth
FSLR shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.70%.
The Revenue has been growing by 8.14% on average over the past years. This is quite good.
Based on estimates for the next years, FSLR will show a very strong growth in Earnings Per Share. The EPS will grow by 38.26% on average per year.
Based on estimates for the next years, FSLR will show a quite strong growth in Revenue. The Revenue will grow by 16.62% on average per year.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Understanding NASDAQ:FSLR's Health Score

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:FSLR has earned a 5 out of 10:

An Altman-Z score of 4.32 indicates that FSLR is not in any danger for bankruptcy at the moment.
A Debt/Equity ratio of 0.07 indicates that FSLR is not too dependend on debt financing.
The Debt to Equity ratio of FSLR (0.07) is better than 60.38% of its industry peers.
A Current Ratio of 3.55 indicates that FSLR has no problem at all paying its short term obligations.
A Quick Ratio of 2.92 indicates that FSLR has no problem at all paying its short term obligations.
FSLR has a Quick ratio of 2.92. This is in the better half of the industry: FSLR outperforms 60.38% of its industry peers.

Assessing Profitability for NASDAQ:FSLR

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:FSLR, the assigned 6 is a significant indicator of profitability:

The Return On Assets of FSLR (8.02%) is better than 66.98% of its industry peers.
The Return On Equity of FSLR (12.42%) is better than 65.09% of its industry peers.
FSLR has a Return On Invested Capital of 7.73%. This is in the better half of the industry: FSLR outperforms 66.98% of its industry peers.
With an excellent Profit Margin value of 25.04%, FSLR belongs to the best of the industry, outperforming 83.96% of the companies in the same industry.
In the last couple of years the Profit Margin of FSLR has grown nicely.
The Operating Margin of FSLR (26.70%) is better than 81.13% of its industry peers.
In the last couple of years the Operating Margin of FSLR has grown nicely.
FSLR's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:FSLR

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:FSLR is 8:

FSLR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 155.16, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Check the latest full fundamental report of FSLR for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of FSLR

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.