First Solar Inc (NASDAQ:FSLR)’s traded shares stood at 4.08 million during the last session, with the company’s beta value hitting 1.47. At the close of trading, the stock’s price was $190.45, to imply a decrease of -2.40% or -$4.69 in intraday trading. The FSLR share’s 52-week high remains $306.77, putting it -61.08% down since that peak but still an impressive 28.65% since price per share fell to its 52-week low of $135.88. The company has a valuation of $20.39B, with an average of 4.83 million shares in intraday trading volume over the past 10 days and average of 2.59 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for First Solar Inc (FSLR), translating to a mean rating of 1.56. Of 28 analyst(s) looking at the stock, 2 analyst(s) give FSLR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 24 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 4.81.

First Solar Inc (NASDAQ:FSLR) trade information

After registering a -2.40% downside in the last session, First Solar Inc (FSLR) has traded red over the past five days. The 5-day price performance for the stock is -1.79%, and -6.35% over 30 days. With these gigs, the year-to-date price performance is 10.55%. Short interest in First Solar Inc (NASDAQ:FSLR) saw shorts transact 6.01 million shares and set a 2.16 days time to cover.

The extremes give us $90 and $350 for target low and target high price respectively. As such, FSLR has been trading -83.78% off suggested target high and 52.74% from its likely low.

First Solar Inc (FSLR) estimates and forecasts

Looking at statistics comparing First Solar Inc share performance against respective industry, we note that the company has outperformed competitors. First Solar Inc (FSLR) shares are -3.61% down over the last 6 months, with its year-to-date growth rate higher than industry average at 70.93% against -18.60%. Revenue is forecast to grow 48.65% this quarter before jumping 90.47% for the next one. The rating firms project that company’s revenue will grow 28.73% compared to the previous financial year.

Revenue forecast for the current quarter as set by 26 analysts is 1.5B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 1.17B.Earnings reports from the last fiscal year show that sales brought in 1.16B and 794.11M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.15% before jumping 47.51% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 41.58% for the past 5-year period. While 2024 is set for a 70.95% return in earnings, projections for the next 5 years are at 31.00% annually.

FSLR Dividends

First Solar Inc has its next earnings report out on 2025-Feb-25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

First Solar Inc insiders hold 5.45% of total outstanding shares, with institutional holders owning 89.74% of the shares at 94.91% float percentage. In total, 89.74% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 12.49 million shares (or 11.6863% of shares), all amounting to roughly $2.82 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 11.32 million shares, or about 10.5869% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.55 billion.