How Is First Solar Inc. (NASDAQ: FSLR) Expected To Fare In The Coming Months?

First Solar Inc (NASDAQ:FSLR) has a beta value of 1.47 and has seen 1.68 million shares traded in the recent trading session. The company, currently valued at $30.41B, closed the recent trade at $284.10 per share which meant it gained $4.3 on the day or 1.54% during that session. The FSLR stock price is -0.88% off its 52-week high price of $286.60 and 54.52% above the 52-week low of $129.21. The 3-month trading volume is 2.56 million shares.

First Solar Inc (NASDAQ:FSLR) trade information

Sporting 1.54% in the green today, the stock has traded in the green over the last five days, when the FSLR stock price touched $284.10 or saw a rise of 1.35%. Year-to-date, First Solar Inc shares have moved 64.91%, while the 5-day performance has seen it change 6.74%. Over the past 30 days, the shares of First Solar Inc (NASDAQ:FSLR) have changed 48.70%.

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First Solar Inc (FSLR) estimates and forecasts

Figures show that First Solar Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 95.42% over the past 6 months, with this year growth rate of 75.06%, compared to -4.40% for the industry. Revenue growth from the last financial year stood is estimated to be 36.20%.

22 analysts offering their estimates for the company have set an average revenue estimate of 960.15M for the current quarter. 22 have an estimated revenue figure of 1.26B for the next ending quarter. Year-ago sales stood 810.67M and 894.12M respectively for this quarter and the next, and analysts expect sales will grow by 18.40% for the current quarter and 36.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 41.58% over the past 5 years. Earnings growth for 2024 is a modest 75.30% while over the next 5 years, the company’s earnings are expected to increase by 58.00%.

FSLR Dividends

First Solar Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.