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Is this Large Market Cap Stock target price reasonable for First Solar, Inc. (NASDAQ:FSLR)?

The company in question is, First Solar, Inc. (NASDAQ:FSLR) currently with a stock price of 39.6 (2.38% today). The market cap for First Solar, Inc. is 4187.88, and is in the sector Technology, and Semiconductor – Specialized industry. The target price for First Solar, Inc. is 52.85. Currently First Solar, Inc. is trading with a P/E of 5.67, and a forward P/E of 18.38. Average volume for First Solar, Inc. is 3168.05 and so far today it is 1167609.

Performance in the last year for First Solar, Inc. has been -25.54%. For EPS growth, First Solar, Inc. has seen a growth of 37.80%, and is looking to grow in the next year to -50.49%. More long term stats show that EPS growth has been -6.90% over the last five years and could be *TBA for the next five years. First Solar, Inc. has seen sales growth quarter over quarter at 4.30%, with EPS growth quarter over quarter at -86.00%. The 20-day simple moving average is 3.99%, with the 200-day simple moving average coming to -25.49%.

Since the IPO date for First Solar, Inc. on the 11/17/2006, First Solar, Inc. has seen performance year to date to be -41.39%. With First Solar, Inc. trading at 39.6, the dividend yield is *TBA, and the EPS is 6.82.

So could First Solar, Inc., be undervalued? Well as said before P/E is 5.67. The PEG is *TBA, P/S is 1.05 and the P/B is at 0.68. The P/cash is 2.51, with P/free cash flow at *TBA.

First Solar, Inc. ability to deal with debt shows that the current ratio is 3.2, and the quick ratio is 2.8. This is with long term debt/equity at 0.03, and total debt/equity at 0.04.

In terms of margins, First Solar, Inc. has a gross margin of 29.30%, an operating margin of 17.60% and a profit margin of 17.50%.Payout ratio for First Solar, Inc. is 0.00%. Return on assets come to 9.50% with return on investment coming to 9.00%.

Insider ownership for First Solar, Inc., is at 0.60% and institutional ownership comes to 61.80%. Outstanding shares are at 108.27. While shares float is 75.11. The float short is currently 16.89%, and short ratio is 4.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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