In today’s recent session, 2.79 million shares of the First Solar Inc (NASDAQ:FSLR) have been traded, and its beta is 1.45. Most recently the company’s share price was $194.48, and it changed around -$5.19 or -2.60% from the last close, which brings the market valuation of the company to $20.82B. FSLR at last check was trading at a discount to its 52-week high of $306.77, offering almost -57.74% off that amount. The share price’s 52-week low was $129.21, which indicates that the recent value has risen by an impressive 33.56% since then. We note from First Solar Inc’s average daily trading volume that its 10-day average is 2.83 million shares, with the 3-month average coming to 2.15 million.
First Solar Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.49. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 8 recommended FSLR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. First Solar Inc is expected to report earnings per share of 4.82 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
First Solar Inc (NASDAQ:FSLR) trade information
Instantly FSLR has been showing red trend so far today with a performance of -2.60% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 206.80 on recent trading dayincreased the stock’s daily price by 5.96%. The company’s shares are currently up 12.89% year-to-date, but still up 1.08% over the last five days. On the other hand, First Solar Inc (NASDAQ:FSLR) is -19.19% down in the 30-day period. We can see from the shorts that 5.0 million shares have been sold at a short interest cover period of 2.3 day(s).
The consensus price target as assigned by Wall Street analysts is $255.5, which translates to bulls needing to increase their stock price by 23.88% from its current value. Analyst projections state that FSLR is forecast to be at a low of $90 and a high of $350.
First Solar Inc (FSLR) estimates and forecasts
First Solar Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.52 percent over the past six months and at a 72.35% annual growth rate that is well above the industry average of -17.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 48.30% in revenue this quarter, and will report an increase of 93.60% in the next quarter. The year-over-year growth rate is expected to be 33.80%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 1.55B in revenue for the current quarter. 20 analysts expect First Solar Inc to make 1.18B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.16B and 794.11M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.00%. Forecasts for the next quarter put sales growth at 48.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 41.58%. First Solar Inc earnings are expected to increase by 72.51% in 2024, but the outlook is positive 28.00% per year for the next five years.
FSLR Dividends
First Solar Inc’s next quarterly earnings report is expected to be released on 2025-Feb-25.
First Solar Inc (NASDAQ:FSLR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.44% of First Solar Inc shares, and 90.15% of them are in the hands of institutional investors. The stock currently has a share float of 95.33%. First Solar Inc stock is held by 1405.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.6863% of the shares, which is about 12.49 million shares worth $2.82 billion.
BLACKROCK INC., with 10.5869% or 11.32 million shares worth $2.55 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
