In the latest trading session, 1.67 million First Solar Inc (NASDAQ:FSLR) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $225.46 changing hands around $17.24 or 8.28% at last look, the market valuation stands at $24.14B. FSLR’s current price is a discount, trading about -36.06% off its 52-week high of $306.77. The share price had its 52-week low at $129.21, which suggests the last value was 42.69% up since then. When we look at First Solar Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 2.38 million.

Analysts gave the First Solar Inc (FSLR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. If we narrow down to specifics, the data shows that 2 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended FSLR as a Hold, 24 felt it is a Buy and 0 rated the stock as Underweight. First Solar Inc’s EPS for the current quarter is expected to be 3.18.

First Solar Inc (NASDAQ:FSLR) trade information

Instantly FSLR is in green as seen in intraday trades today. With action 4.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 30.87%, with the 5-day performance at 4.67% in the green. However, in the 30-day time frame, First Solar Inc (NASDAQ:FSLR) is 2.84% up. Looking at the short shares, we see there were 4.33 million shares sold at short interest cover period of 1.73 days.

The consensus price target for the stock as assigned by Wall Street analysts is 250, meaning bulls need an upside of 9.82% from its recent market value. According to analyst projections, FSLR’s forecast low is 70 with 350 as the target high. To hit the forecast high, the stock’s price needs a -55.24% plunge from its current level, while the stock would need to tank 68.95% for it to hit the projected low.

First Solar Inc (FSLR) estimates and forecasts

Data shows that the First Solar Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 41.46% over the past 6 months, a 75.71% in annual growth rate that is considerably higher than the industry average of -8.80%. Year-over-year growth is forecast to reach 35.00% up from the last financial year.

Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 1.09B. 22 analysts are of the opinion that First Solar Inc’s revenue for the current quarter will be 1.58B. The company’s revenue for the corresponding quarters a year ago was 894.12M and 1.16B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.20%. The estimates for the next quarter sales put growth at 36.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 41.58%. The 2024 estimates are for First Solar Inc earnings to increase by 75.63%, but the outlook for the next 5-year period is at 58.90% per year.

FSLR Dividends

First Solar Inc is expected to release its next quarterly earnings report on 2024-Oct-29.

First Solar Inc (NASDAQ:FSLR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.43% of First Solar Inc shares while 89.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.67%. There are 89.53% institutions holding the First Solar Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6863% of the shares, roughly 12.49 million FSLR shares worth $2.82 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.5869% or 11.32 million shares worth $2.55 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 3.22 shares estimated at $721.65 million under it, the former controlled 3.01% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.57% of the shares, roughly 2.75 shares worth around $615.6 million.