First Solar Secures $1.5 Billion Revolving Credit Facility

robot
Abstract generation in progress

First Solar (FSLR) has secured a new five-year, $1.5 billion unsecured revolving credit facility with JPMorgan Chase as the administrative agent. This facility enhances the company’s liquidity for working capital and general corporate purposes, though it introduces covenants regarding leverage and interest coverage. An analyst maintains a Buy rating with a $326 price target, while TipRanks’ AI Analyst, Spark, rates FSLR as Neutral citing strong profitability and a conservative balance sheet, but concerns over free cash flow and bearish technical indicators.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)