First Solar Inc (NASDAQ:FSLR) has a beta value of 1.42 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $14.68B, closed the recent trade at $137.13 per share which meant it lost -$1.97 on the day or -1.42% during that session. The FSLR stock price is -123.71% off its 52-week high price of $306.77 and 8.87% above the 52-week low of $124.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.27 million shares traded. The 3-month trading volume is 2.53 million shares.
The consensus among analysts is that First Solar Inc (FSLR) is Buy stock at the moment, with a recommendation rating of 1.41. 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.
First Solar Inc (NASDAQ:FSLR) trade information
Sporting -1.42% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FSLR stock price touched $137.13 or saw a rise of 2.71%. Year-to-date, First Solar Inc shares have moved -22.19%, while the 5-day performance has seen it change 4.76%. Over the past 30 days, the shares of First Solar Inc (NASDAQ:FSLR) have changed -15.81%. Short interest in the company has seen 7.53 million shares shorted with days to cover at 2.67.
Wall Street analysts have a consensus price target for the stock at $265, which means that the shares’ value could jump 48.25% from the levels at last check today. The projected low price target is $210.0 while the price target rests at a high of $300.0. In that case, then, we find that the latest price level in today’s session is -118.77% off the targeted high while a plunge would see the stock gain -53.14% from the levels at last check today.
First Solar Inc (FSLR) estimates and forecasts
The company’s shares have lost -33.22% over the past 6 months. Earnings growth for 2025 is a modest 54.13% while over the next 5 years, the company’s earnings are expected to increase by 34.55%.
FSLR Dividends
First Solar Inc is expected to release its next earnings report on 2025-Feb-24 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 7.03% of the company shares, while shares held by institutions stand at 93.13% with a share float percentage of 100.18%. Investors are also buoyed by the number of investors in a company, with First Solar Inc having a total of 1418.0 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 Dec 31, 2024, the former fund manager holds about 2.99% shares in the company for having 3.2 shares of worth $438.75 million while later fund manager owns 2.9 shares of worth $397.45 million as of Dec 31, 2024, which makes it owner of about 2.71% of company’s outstanding stock.