First Solar - FSLR Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FSLR shares.
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19 brokers have issued twelve-month price objectives for First Solar's shares. Their FSLR share price forecasts range from $150.00 to $261.00. On average, they anticipate the company's stock price to reach $203.83 in the next twelve months. This suggests that the stock has a possible downside of 3.0%.
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First Solar's stock was trading at $149.79 at the start of the year. Since then, FSLR shares have increased by 40.3% and is now trading at $210.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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First Solar, Inc. (NASDAQ:FSLR) posted its earnings results on Tuesday, February, 28th. The solar cell manufacturer reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.11. The solar cell manufacturer had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. First Solar had a negative trailing twelve-month return on equity of 0.75% and a negative net margin of 1.69%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS.

ETFs with the largest weight of First Solar (NASDAQ:FSLR) stock in their portfolio include Global X Solar ETF (RAYS), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), Virtus Duff & Phelps Clean Energy ETF (VCLN), iShares Global Clean Energy ETF (ICLN), VanEck Green Infrastructure ETF (RNEW), ALPS Clean Energy ETF (ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).

First Solar updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $7.00-$8.00 for the period, compared to the consensus estimate of $5.56. The company issued revenue guidance of $3.40 billion-$3.60 billion, compared to the consensus revenue estimate of $3.38 billion.

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.

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).

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

First Solar's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jane Street Group LLC (0.00%), Susquehanna International Group LLP (0.00%), Schroder Investment Management Group (2.21%), Geode Capital Management LLC (2.05%), Group One Trading L.P. (0.00%) and Dimensional Fund Advisors LP (1.54%). 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, Philip Dejong, R Craig Kennedy, Raffi Garabedian and Richard D Chapman.
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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.
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One share of FSLR stock can currently be purchased for approximately $210.20.

First Solar (NASDAQ:FSLR) has a market capitalization of $22.41 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 ($0.42) on an earnings per share basis.

The company employs 5,500 workers across the globe.

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.