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66,000% upside on tiny biotech? (Ad)
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How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Why Your IRA Could Crash on June 16th (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Why Your IRA Could Crash on June 16th (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
66,000% upside on tiny biotech? (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Why Your IRA Could Crash on June 16th (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Why Your IRA Could Crash on June 16th (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
66,000% upside on tiny biotech? (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
Why Your IRA Could Crash on June 16th (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
Why Your IRA Could Crash on June 16th (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
66,000% upside on tiny biotech? (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
NASDAQ:FSLR

First Solar (FSLR) Stock Forecast, Price & News

$206.74
-2.00 (-0.96%)
(As of 06/2/2023 ET)
Compare
Today's Range
$204.13
$212.35
50-Day Range
$171.59
$231.69
52-Week Range
$60.77
$232.00
Volume
1.48 million shs
Average Volume
3.18 million shs
Market Capitalization
$22.09 billion
P/E Ratio
530.12
Dividend Yield
N/A
Price Target
$210.92

First Solar MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
2.0% Upside
$210.92 Price Target
Short Interest
Healthy
3.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.51mentions of First Solar in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$12.07 M Sold Last Quarter
Proj. Earnings Growth
76.94%
From $7.33 to $12.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Oils/Energy Sector

120th out of 245 stocks

Semiconductors & Related Devices Industry

26th out of 87 stocks


FSLR stock logo

About First Solar (NASDAQ:FSLR) Stock

First Solar, Inc. is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions. With a mission to create enduring value by enabling a world powered by clean, affordable solar electricity, First Solar is committed to delivering sustainable energy solutions that minimize environmental impact. Headquartered in Tempe, Arizona, the company has a strong presence in North America, Europe, and Asia.

First Solar specializes in designing, developing, and manufacturing advanced thin-film PV modules and providing integrated PV power plant solutions. By leveraging its PV technology and system integration expertise, the company aims to enable a sustainable energy future by delivering reliable, cost-effective solar power solutions. First Solar's mission statement reflects its dedication to providing clean energy and promoting a greener planet.

The company's product portfolio includes a range of high-performance PV modules, advanced PV power systems, and comprehensive PV power plant services. First Solar's modules are known for superior energy efficiency, durability, and low environmental impact. These attributes have attracted diverse customers, including utilities, independent power producers, commercial and industrial companies, and residential customers.

First Solar is a key player in the renewable energy industry, focusing strongly on utility-scale solar power plants. The company has successfully delivered numerous large-scale PV installations worldwide, contributing to the global adoption of solar energy. Some of First Solar's key customers include major utilities, such as Southern Company, Dominion Energy, and NRG Energy.

The company has achieved several significant milestones and received industry recognition for its contributions to the renewable energy sector. First Solar's achievements include setting multiple world records for CdTe (cadmium telluride) thin-film module efficiency and winning prestigious awards for its sustainability practices and commitment to environmental stewardship.

First Solar's leadership team comprises highly experienced professionals with diverse backgrounds and expertise. Mark Widmar is the Chief Executive Officer, leading the company's strategic direction and operations. Widmar brings extensive experience in the renewable energy industry, having held various executive positions within First Solar since joining the company in 2006.

First Solar has consistently demonstrated strong financial performance over the past few years. The company's profit margins remained robust, reflecting efficient operations and effective cost management. First Solar has maintained a healthy balance sheet, with enough assets to cover long-term debt. The company's debt levels have remained relatively stable, allowing it to invest in research and development, expand production capacity and pursue strategic initiatives.

First Solar's valuation metrics reflect its strong market position and growth potential. The company's price-to-earnings is slightly above the industry average, indicating that investors are willing to pay a premium for First Solar's earnings compared to its peers. First Solar's valuation remains favorable compared to industry peers, reflecting investor confidence in the company's prospects.

The factors driving First Solar's valuation include its strong track record of financial performance, innovative PV technology, and its position as a market leader in the solar energy industry. The increasing demand for clean and sustainable energy solutions has fueled investor interest in First Solar, as the company is well-positioned to capitalize on the global shift towards renewable energy.

First Solar's stock performance has been impressive in recent years, reflecting its solid financial results and positive market sentiment. The company's share price has experienced notable upward movements, reaching all-time highs during favorable industry conditions and strong earnings announcements.

However, like any publicly traded company, First Solar is not immune to market volatility. The stock may experience fluctuations in response to various factors, including changes in the broader market conditions, geopolitical events, or shifts in investor sentiment towards the renewable energy sector. Monitoring the stock's performance and staying informed about relevant news and events is essential for investors and stakeholders.

The renewable energy industry, particularly the solar energy sector, has grown significantly in recent years. The increasing global focus on reducing carbon emissions and combating climate change has propelled the adoption of renewable energy sources, including solar power. First Solar operates in a highly competitive market alongside other solar energy companies.

The company's competitive advantage lies in its advanced thin-film PV technology, which offers higher energy conversion efficiency, lower manufacturing costs, and a smaller environmental footprint than traditional crystalline silicon technology. First Solar's innovative approach and continuous investments in research and development have positioned the company as a technology leader in the industry.

First Solar benefits from its established global presence, strong partnerships with utilities and project developers, as well as a proven track record of delivering large-scale PV projects. These factors contribute to the company's competitive positioning and provide a solid foundation for future growth.

First Solar has several growth opportunities on the horizon. The increasing global demand for clean energy solutions presents a favorable market environment for the company. First Solar is well-positioned to capitalize on this trend by expanding its product offerings, entering new markets, and pursuing strategic partnerships and acquisitions.

One significant growth opportunity for the company is the advancement of solar energy in emerging markets. As developing countries seek to diversify their energy sources and achieve energy independence, First Solar can leverage its expertise and global presence to provide cost-effective and reliable solar solutions.

The ongoing development of energy storage technologies presents an opportunity for First Solar to enhance its integrated PV power systems and offer comprehensive energy solutions. By combining solar generation with efficient storage capabilities, the company can address the intermittent nature of solar power and provide a more reliable and stable energy supply.

While First Solar operates in a promising industry, it faces several risks and challenges. One significant risk is the potential impact of regulatory changes and policy shifts. Changes in government incentives, subsidies, or trade policies could influence the economics of solar energy projects and affect the demand for First Solar's products and services.

Another challenge is the intense competition within the solar energy market. Rapid technological advancements, the emergence of new market entrants, and fluctuating pricing dynamics pose risks to First Solar's market share and profitability. The company must continue to invest in research and development, innovation, and operational efficiency to stay ahead of the competition.

Furthermore, changes in consumer preferences and market dynamics could impact the adoption of solar energy solutions. First Solar must remain attuned to evolving customer needs and preferences to ensure its products and services remain relevant and competitive.

Risk management strategies are crucial for mitigating these challenges. First Solar employs rigorous quality control measures, invests in research and development to enhance its product offerings, and regularly monitors and adjusts its business strategies to adapt to changing market conditions. The company also maintains strong relationships with key stakeholders, including customers, suppliers, and government agencies, to stay informed about potential risks and navigate any regulatory or policy changes effectively.

First Solar's focus on sustainability and environmental stewardship is a mitigating factor against potential risks. By promoting clean energy solutions and minimizing its environmental footprint, the company aligns itself with the growing demand for sustainable practices and mitigates reputational risks.

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FSLR Stock News Headlines

First Solar Rises to a 15-Year High on Sunny Takeover Deal
First Solar is shining again, trading at its highest level since 2008 thanks to an astute buyout and positive regulatory news.
Shoals Technology is an EV and Solar Play Just Getting Started (FSLR)
Shoals Technologies Group Inc. (NASDAQ: SHLS) is an electrical balance of system (EBOS) solutions provider for the solar, energy storage, and electric vehicle
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Is the Electric Vehicle Movement Losing Steam? (FSLR)
The electric vehicle (EV) movement has become a secular tailwind driven by both global decarbonization initiatives, social awareness and government incentives.
First Solar (NASDAQ: FSLR)
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
First Solar (NASDAQ:FSLR) Price Target Raised to $277.00
First Solar (NASDAQ:FSLR) PT Raised to $232.00
See More Headlines

FSLR Price History

FSLR Company Calendar

Last Earnings
4/27/2023
Today
6/03/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:FSLR
CUSIP
33643310
Employees
5,500
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$210.92
High Stock Price Forecast
$277.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
20 Analysts

Profitability

Net Income
$-44,170,000.00
Pretax Margin
3.82%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$2.10 per share
Book Value
$54.94 per share

Miscellaneous

Free Float
106,206,000
Market Cap
$22.09 billion
Optionable
Optionable
Beta
1.42

Social Links


Key Executives

  • Mark R. WidmarMark R. Widmar
    Chief Executive Officer & Director
  • Alexander R. BradleyAlexander R. Bradley
    Chief Financial Officer
  • Markus GloecklerMarkus Gloeckler
    Chief Technology Officer
  • Kuntal Kumar VermaKuntal Kumar Verma
    Chief Manufacturing Engineering Officer
  • Patrick James BuehlerPatrick James Buehler
    Chief Quality & Reliability Officer













FSLR Stock - Frequently Asked Questions

Should I buy or sell First Solar stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FSLR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FSLR, but not buy additional shares or sell existing shares.
View FSLR analyst ratings
or view top-rated stocks.

What is First Solar's stock price forecast for 2023?

20 equities research analysts have issued 12 month price targets for First Solar's stock. Their FSLR share price forecasts range from $150.00 to $277.00. On average, they anticipate the company's stock price to reach $210.92 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for FSLR
or view top-rated stocks among Wall Street analysts.

How have FSLR shares performed in 2023?

First Solar's stock was trading at $149.79 at the start of the year. Since then, FSLR stock has increased by 38.0% and is now trading at $206.74.
View the best growth stocks for 2023 here
.

Are investors shorting First Solar?

First Solar saw a decline in short interest in May. As of May 15th, there was short interest totaling 3,330,000 shares, a decline of 7.8% from the April 30th total of 3,610,000 shares. Based on an average trading volume of 2,960,000 shares, the short-interest ratio is currently 1.1 days. Currently, 3.3% of the company's shares are sold short.
View First Solar's Short Interest
.

When is First Solar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FSLR earnings forecast
.

How were First Solar's earnings last quarter?

First Solar, Inc. (NASDAQ:FSLR) issued its quarterly earnings results on Thursday, April, 27th. The solar cell manufacturer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.59. The solar cell manufacturer had revenue of $548.29 million for the quarter, compared to analysts' expectations of $716.66 million. First Solar had a trailing twelve-month return on equity of 0.71% and a net margin of 1.49%. The firm's revenue for the quarter was up 49.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) EPS.

What guidance has First Solar issued on next quarter's earnings?

First Solar issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $7.00-$8.00 for the period, compared to the consensus earnings per share estimate of $6.60. The company issued revenue guidance of $3.40 billion-$3.60 billion, compared to the consensus revenue estimate of $3.21 billion.

What is Mark Widmar's approval rating as First Solar's CEO?

182 employees have rated First Solar Chief Executive Officer Mark Widmar on Glassdoor.com. Mark Widmar has an approval rating of 96% among the company's employees. This puts Mark Widmar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at First Solar to a friend.

What other stocks do shareholders of First Solar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Solar investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), (MDVN) (MDVN), Incyte (INCY), Micron Technology (MU), Tesla (TSLA), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA) and United Airlines (UAL).

What is First Solar's stock symbol?

First Solar trades on the NASDAQ under the ticker symbol "FSLR."

Who are First Solar's major shareholders?

First Solar's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.78%), FMR LLC (4.48%), State Street Corp (3.99%), Jane Street Group LLC (0.00%), Susquehanna International Group LLP (0.00%) and Wellington Management Group LLP (2.91%). Insiders that own company stock include Alexander R Bradley, Byron Michael Jeffers, George A Hambro, Georges Antoun, Jason E Dymbort, Kuntal Kumar Verma, Lukas T Walton, Mark R Widmar, Markus Gloeckler, Michael Koralewski, Michael T Sweeney, Patrick James Buehler, Paul H Stebbins, Philip Dejong, R Craig Kennedy, Raffi Garabedian, Richard D Chapman and William J Post.
View institutional ownership trends
.

How do I buy shares of First Solar?

Shares of FSLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First Solar's stock price today?

One share of FSLR stock can currently be purchased for approximately $206.74.

How much money does First Solar make?

First Solar (NASDAQ:FSLR) has a market capitalization of $22.09 billion and generates $2.62 billion in revenue each year. The solar cell manufacturer earns $-44,170,000.00 in net income (profit) each year or $0.39 on an earnings per share basis.

How many employees does First Solar have?

The company employs 5,500 workers across the globe.

Does First Solar have any subsidiaries?
The following companies are subsidiares of First Solar: Enki Technology Inc, FS India Solar Ventures Private Limited, First Solar Development LLC, First Solar Electric (California) Inc., First Solar Electric LLC, First Solar Energía Limitada, First Solar FE Holdings Pte. Ltd., First Solar GmbH, First Solar Holdings GmbH, First Solar Japan GK, First Solar Malaysia Sdn. Bhd., First Solar Manufacturing GmbH, First Solar Power India Private Limited, First Solar Vietnam Holdings Pte. Ltd., First Solar Vietnam Manufacturing Co Ltd, NextLight Renewable Power, Parque Solar Fotovoltaico Luz del Norte SpA, RayTracker, Solar Chile S.A., TetraSun Inc., and Turner Renewable Energy LLC.
Read More
How can I contact First Solar?

First Solar's mailing address is 350 WEST WASHINGTON STREET SUITE 600, TEMPE AZ, 85281. The official website for the company is www.firstsolar.com. The solar cell manufacturer can be reached via phone at (602) 414-9300, via email at investor@firstsolar.com, or via fax at 602-414-9400.

This page (NASDAQ:FSLR) was last updated on 6/3/2023 by MarketBeat.com Staff

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