First Solar - FSLR Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FSLR shares.
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20 Wall Street analysts have issued 12-month price targets for First Solar's stock. Their FSLR share price forecasts range from $70.00 to $233.00. On average, they anticipate the company's share price to reach $163.91 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
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First Solar's stock was trading at $87.16 at the start of the year. Since then, FSLR stock has increased by 76.7% and is now trading at $154.05.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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First Solar, Inc. (NASDAQ:FSLR) released its quarterly earnings results on Thursday, October, 27th. The solar cell manufacturer reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.23. The solar cell manufacturer earned $629 million during the quarter, compared to the consensus estimate of $747.97 million. First Solar had a trailing twelve-month return on equity of 1.61% and a net margin of 3.75%. First Solar's revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share.

First Solar updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of -$0.65--$0.35 for the period, compared to the consensus EPS estimate of -$0.10. The company issued revenue guidance of $2.60 billion-$2.70 billion, compared to the consensus revenue estimate of $2.62 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 BlackRock Inc. (14.43%), Vanguard Group Inc. (8.87%), Jane Street Group LLC (0.00%), Citadel Advisors LLC (0.00%), State Street Corp (2.91%) and Dimensional Fund Advisors LP (1.55%). 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 and Raffi Garabedian.
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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 $154.05.

First Solar (NASDAQ:FSLR) has a market capitalization of $16.42 billion and generates $2.92 billion in revenue each year. The solar cell manufacturer earns $468.69 million in net income (profit) each year or $0.88 on an earnings per share basis.

The company employs 4,800 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) 662-6899, via email at investor@firstsolar.com, or via fax at 602-414-9400.