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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
NASDAQ:FSLR

First Solar (FSLR) Stock Price, News & Analysis

$158.05
+4.16 (+2.70%)
(As of 03/1/2024 ET)
Today's Range
$152.69
$161.48
50-Day Range
$139.80
$173.22
52-Week Range
$129.21
$232.00
Volume
2.89 million shs
Average Volume
2.47 million shs
Market Capitalization
$16.89 billion
P/E Ratio
20.42
Dividend Yield
N/A
Price Target
$232.48

First Solar MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
47.1% Upside
$232.48 Price Target
Short Interest
Healthy
4.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.56mentions of First Solar in the last 14 days
Based on 63 Articles This Week
Insider Trading
Selling Shares
$422,448 Sold Last Quarter
Proj. Earnings Growth
51.63%
From $13.52 to $20.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Oils/Energy Sector

7th out of 239 stocks

Semiconductors & Related Devices Industry

2nd out of 84 stocks


FSLR stock logo

About First Solar Stock (NASDAQ:FSLR)

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.

FSLR Stock Price History

FSLR Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
First Solar stock jumps on positive full-year guidance
First Solar predicts a better year ahead, stock gains
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
3/01/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

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 Target
$232.48
High Stock Price Target
$332.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+47.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
23 Analysts

Profitability

Net Income
$-44,170,000.00
Pretax Margin
26.86%

Debt

Sales & Book Value

Annual Sales
$3.32 billion
Cash Flow
$11.29 per share
Book Value
$62.59 per share

Miscellaneous

Free Float
106,224,000
Market Cap
$16.89 billion
Optionable
Optionable
Beta
1.41

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FSLR Stock Analysis - Frequently Asked Questions

Should I buy or sell First Solar stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FSLR shares.
View FSLR analyst ratings
or view top-rated stocks.

What is First Solar's stock price target for 2024?

23 brokers have issued 12 month target prices for First Solar's stock. Their FSLR share price targets range from $170.00 to $332.00. On average, they anticipate the company's share price to reach $232.48 in the next twelve months. This suggests a possible upside of 47.1% 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 2024?

First Solar's stock was trading at $172.28 at the start of the year. Since then, FSLR shares have decreased by 8.3% and is now trading at $158.05.
View the best growth stocks for 2024 here
.

Are investors shorting First Solar?

First Solar saw a increase in short interest in February. As of February 15th, there was short interest totaling 4,200,000 shares, an increase of 6.1% from the January 31st total of 3,960,000 shares. Based on an average daily volume of 2,140,000 shares, the short-interest ratio is currently 2.0 days. Approximately 4.2% of the company's stock are short sold.
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, April 25th 2024.
View our FSLR earnings forecast
.

How were First Solar's earnings last quarter?

First Solar, Inc. (NASDAQ:FSLR) announced its quarterly earnings results on Tuesday, February, 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.06. The solar cell manufacturer earned $1.16 billion during the quarter, compared to analysts' expectations of $1.31 billion. First Solar had a net margin of 25.03% and a trailing twelve-month return on equity of 13.80%. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS.

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

First Solar updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 13.000-14.000 for the period, compared to the consensus estimate of 13.330. The company issued revenue guidance of $4.4 billion-$4.6 billion, compared to the consensus revenue estimate of $4.6 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).

Who are First Solar's major shareholders?

First Solar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.37%), Capital Research Global Investors (2.75%), Citadel Advisors LLC (0.00%), Schroder Investment Management Group (2.30%), Voya Investment Management LLC (1.70%) and Norges Bank (1.62%). Insiders that own company stock include Alexander R Bradley, Byron Michael Jeffers, George A Hambro, Georges Antoun, Jason E Dymbort, Kuntal Kumar Verma, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:FSLR) was last updated on 3/2/2024 by MarketBeat.com Staff