In the last trading session, 5.37 million First Solar Inc (NASDAQ:FSLR) shares changed hands as the company’s beta touched 1.44. With the company’s per share price at $137.24 changed hands at -$3.49 or -2.48% during last session, the market valuation stood at $14.72B. FSLR’s last price was a discount, traded about -123.53% off its 52-week high of $306.77. The share price had its 52-week low at $116.56, which suggests the last value was 15.07% up since then. When we look at First Solar Inc’s average trading volume, we note the 10-day average is 3.52 million shares, with the 3-month average coming to 3.23 million.
Analysts gave the First Solar Inc (FSLR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.47. 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 4.01.
First Solar Inc (NASDAQ:FSLR) trade information
Instantly FSLR was in red as seen at the end of in last trading. With action 1.40%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.13%, with the 5-day performance at 1.40% in the green. However, in the 30-day time frame, First Solar Inc (NASDAQ:FSLR) is 7.79% up. Looking at the short shares, we see there were 9.81 million shares sold at short interest cover period of 2.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 260, meaning bulls need an upside of 47.22% from its current market value. According to analyst projections, FSLR’s forecast low is 205 with 280 as the target high. To hit the forecast high, the stock’s price needs a -104.02% plunge from its current level, while the stock would need to soar -49.37% for it to hit the projected low.
First Solar Inc (FSLR) estimates and forecasts
Year-over-year growth is forecast to reach 30.50% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 1.29B. 24 analysts are of the opinion that First Solar Inc’s revenue for the current quarter will be 1.53B. The company’s revenue for the corresponding quarters a year ago was 1.01B and 887.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.50%. The estimates for the next quarter sales put growth at 72.86%.
The 2025 estimates are for First Solar Inc earnings to increase by 47.87%, but the outlook for the next 5-year period is at 34.00% per year.
FSLR Dividends
First Solar Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
First Solar Inc (NASDAQ:FSLR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.55% of First Solar Inc shares while 92.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.77%. There are 92.33% institutions holding the First Solar Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6719% of the shares, roughly 12.49 million FSLR shares worth $2.82 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.5738% or 11.32 million shares worth $2.55 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 3.2 shares estimated at $439.05 million under it, the former controlled 2.98% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.70% of the shares, roughly 2.9 shares worth around $397.73 million.
