First Solar Stock Z Score

FSLR Stock  USD 186.36  3.97  2.18%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out First Solar Piotroski F Score and First Solar Valuation analysis.
To learn how to invest in First Stock, please use our How to Invest in First Solar guide.
  
At this time, First Solar's Capital Lease Obligations is relatively stable compared to the past year. As of 12/25/2024, Capital Expenditures is likely to grow to about 1.5 B, while Net Invested Capital is likely to drop slightly above 6.6 B. At this time, First Solar's Depreciation And Amortization is relatively stable compared to the past year. As of 12/25/2024, Selling General Administrative is likely to grow to about 233.8 M, while Other Operating Expenses is likely to drop slightly above 2 B.

First Solar Company Z Score Analysis

First Solar's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

First Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for First Solar is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Z Score. Since First Solar's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Solar's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Solar's interrelated accounts and indicators.
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Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

According to the company's disclosures, First Solar has a Z Score of 0.0. This is 100.0% lower than that of the Semiconductors & Semiconductor Equipment sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

First Solar ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Solar's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Solar's managers, analysts, and investors.
Environmental
Governance
Social

First Solar Institutional Holders

Institutional Holdings refers to the ownership stake in First Solar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Solar's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Solar's value.
Shares
Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main2024-09-30
1.6 M
Morgan Stanley - Brokerage Accounts2024-09-30
1.6 M
Amundi2024-09-30
1.4 M
Norges Bank2024-06-30
1.4 M
Ubs Asset Mgmt Americas Inc2024-09-30
1.3 M
Schroder Investment Management Group2024-09-30
1.3 M
Bank Of America Corp2024-09-30
1.1 M
Deutsche Bank Ag2024-09-30
M
Legal & General Group Plc2024-09-30
991 K
Vanguard Group Inc2024-09-30
12.7 M
Blackrock Inc2024-06-30
11.3 M

First Fundamentals

About First Solar Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze First Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Solar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with First Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

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Moving against First Stock

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The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.