First Solar Inc (NASDAQ: FSLR): The Stock To Bet On For Economic Progress In The Months Ahead

In today’s recent session, 0.74 million shares of the First Solar Inc (NASDAQ:FSLR) have been traded, and its beta is 1.47. Most recently the company’s share price was $129.81, and it changed around $2.65 or 2.08% from the last close, which brings the market valuation of the company to $13.92B. FSLR at last check was trading at a discount to its 52-week high of $306.77, offering almost -136.32% off that amount. The share price’s 52-week low was $116.56, which indicates that the recent value has risen by an impressive 10.21% since then.

First Solar Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 1 out of 39 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 6 recommended FSLR as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight.

First Solar Inc (NASDAQ:FSLR) trade information

Instantly FSLR has been showing a green trend so far today with a performance of 2.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 132.27 on recent trading dayincreased the stock’s daily price by 1.86%. The company’s shares are currently down -26.34% year-to-date, but still down -5.41% over the last five days. On the other hand, First Solar Inc (NASDAQ:FSLR) is 0.87% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $223, which translates to bulls needing to increase their stock price by 41.79% from its current value. Analyst projections state that FSLR is forecast to be at a low of $172.37 and a high of $274.

First Solar Inc earnings are expected to increase by 26.79% in 2025, but the outlook is positive 31.54% per year for the next five years.

FSLR Dividends

First Solar Inc’s next quarterly earnings report is expected to be released in June.

BLACKROCK INC., with 10.5738% or 11.32 million shares worth $2.55 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.2 shares worth $413.76 million, making up 2.98% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 2.9 shares worth around $374.82 million, which represents about 2.70% of the total shares outstanding.

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