First Solar Inc (NASDAQ:FSLR) has a beta value of 1.45 and has seen 1.73 million shares traded in the last trading session. The company, currently valued at $20.37B, closed the last trade at $186.05 per share which meant it gained $4.1 on the day or 2.25% during that session. The FSLR stock price is -64.89% off its 52-week high price of $306.77 and 26.97% above the 52-week low of $135.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.8 million shares traded. The 3-month trading volume is 2.68 million shares.
The consensus among analysts is that First Solar Inc (FSLR) is Buy stock at the moment, with a recommendation rating of 1.56. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 28 have rated it as a Hold, with 24 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 4.81.
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First Solar Inc (NASDAQ:FSLR) trade information
Sporting 2.25% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FSLR stock price touched $186.05 or saw a rise of 5.04%. Year-to-date, First Solar Inc shares have moved 7.99%, while the 5-day performance has seen it change -2.31%. Over the past 30 days, the shares of First Solar Inc (NASDAQ:FSLR) have changed -5.10%. Short interest in the company has seen 6.01 million shares shorted with days to cover at 2.16.
Wall Street analysts have a consensus price target for the stock at $255.5, which means that the shares’ value could jump 27.18% from current levels. The projected low price target is $90.0 while the price target rests at a high of $350.0. In that case, then, we find that the current price level is -88.12% off the targeted high while a plunge would see the stock lose 51.63% from current levels.
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 lost -32.77% over the past 6 months, with this year growth rate of 70.54%, compared to -19.90% for the industry. Revenue growth from the last financial year stood is estimated to be 28.73%.
26 analysts offering their estimates for the company have set an average revenue estimate of 1.5B for the current quarter. 21 have an estimated revenue figure of 1.17B for the next ending quarter. Year-ago sales stood 1.16B and 794.11M respectively for this quarter and the next, and analysts expect sales will grow by 29.15% for the current quarter and 28.73% 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 70.95% while over the next 5 years, the company’s earnings are expected to increase by 31.00%.
FSLR Dividends
First Solar Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
First Solar Inc (NASDAQ:FSLR)’s Major holders
Insiders own 5.45% of the company shares, while shares held by institutions stand at 89.82% with a share float percentage of 94.99%. Investors are also buoyed by the number of investors in a company, with First Solar Inc having a total of 1446.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 12.49 million shares worth more than $2.82 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.6863% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 11.32 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.55 billion and represent 10.5869% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.01% shares in the company for having 3.22 shares of worth $599.22 million while later fund manager owns 2.75 shares of worth $511.15 million as of Jun 30, 2024 , which makes it owner of about 2.57% of company’s outstanding stock.
