In today’s recent session, 0.73 million shares of the First Solar Inc (NASDAQ:FSLR) have been traded, and its beta is 1.51. Most recently the company’s share price was $156.41, and it changed around -$1.97 or -1.24% from the last close, which brings the market valuation of the company to $16.77B. FSLR at last check was trading at a discount to its 52-week high of $306.77, offering almost -96.13% off that amount. The share price’s 52-week low was $116.56, which indicates that the recent value has risen by an impressive 25.48% since then. We note from First Solar Inc’s average daily trading volume that its 10-day average is 8.53 million shares, with the 3-month average coming to 4.60 million.
First Solar Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 1 out of 41 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 7 recommended FSLR as a Hold, whereas 20 deemed it a Buy, and 0 rated it as Underweight. First Solar Inc is expected to report earnings per share of 2.65 for the current quarter.
First Solar Inc (NASDAQ:FSLR) trade information
Instantly FSLR has been showing red trend so far today with a performance of -1.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 172.89 on recent trading dayincreased the stock’s daily price by 9.53%. The company’s shares are currently down -11.25% year-to-date, but still down -5.16% over the last five days. On the other hand, First Solar Inc (NASDAQ:FSLR) is 10.26% up in the 30-day period. We can see from the shorts that 11.03 million shares have been sold at a short interest cover period of 2.54 day(s).
The consensus price target as assigned by Wall Street analysts is $234, which translates to bulls needing to increase their stock price by 33.16% 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 (FSLR) estimates and forecasts
The year-over-year growth rate is expected to be 19.89%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 1.03B in revenue for the current quarter. 24 analysts expect First Solar Inc to make 1.38B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.01B and 887.67M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.90%. Forecasts for the next quarter put sales growth at 55.23%.
First Solar Inc earnings are expected to increase by 25.84% in 2025, but the outlook is positive 31.83% per year for the next five years.
FSLR Dividends
First Solar Inc’s next quarterly earnings report is expected to be released on 2025-Apr-28.
First Solar Inc (NASDAQ:FSLR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.57% of First Solar Inc shares, and 97.40% of them are in the hands of institutional investors. The stock currently has a share float of 103.14%. First Solar Inc stock is held by 1345.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.6719% of the shares, which is about 12.49 million shares worth $2.82 billion.
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 $497.53 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 $450.71 million, which represents about 2.70% of the total shares outstanding.
