NASDAQ:FSLR

First Solar - FSLR Stock Forecast, Price & News

$157.47

-9.67 (-5.79%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: $156.74
▼
$166.26
50-Day Range: $118.28
▼
$172.53
52-Week Range: $59.60
▼
$173.68

Volume: 3.33 million shs
Average Volume: 2.22 million shs
Market Capitalization: $16.79 billion

P/E Ratio: 178.95
Dividend Yield: N/A
Price Target: $163.91

First Solar MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 4.1% Upside
$163.91 Price Target
Short Interest: Healthy
3.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.14
Upright™ Environmental Score
News Sentiment: 0.20
Based on 4 Articles This Week
Insider Trading: Selling Shares
$156,180 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.51) to $4.82 Per Share

Overall MarketRank^™

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

2.00 out of 5 stars

Oils/Energy Sector

179th out of 246 stocks

Semiconductors & Related Devices Industry

56th out of 92 stocks

2.3

Analyst's Opinion

Consensus Rating
First Solar has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 12 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $163.91, First Solar has a forecasted upside of 4.1% from its current price of $157.47.
Amount of Analyst Coverage
First Solar has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
3.98% of the float of First Solar has been sold short.
Short Interest Ratio / Days to Cover
First Solar has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Solar has recently decreased by 2.69%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
First Solar does not currently pay a dividend.
Dividend Growth
First Solar does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Solar has received a 45.00% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Construction of solar power plants", "Solar panels", and "Engineering services for electricity produced with solar power" products. See details.
Environmental Sustainability
The Environmental Impact score for First Solar is -0.14.

1.8

News and Social Media Coverage

News Sentiment
First Solar has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for First Solar this week, compared to 5 articles on an average week.
Search Interest
Only 58 people have searched for FSLR on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
32 people have added First Solar to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Solar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $156,180.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of First Solar is held by insiders.
Percentage Held by Institutions
79.21% of the stock of First Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for First Solar are expected to grow in the coming year, from ($0.51) to $4.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Solar is 178.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Solar is 178.95, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.00.
Price to Book Value per Share Ratio
First Solar has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Solar (NASDAQ:FSLR) Stock

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

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FSLR Stock News Headlines

November 16, 2022 | marketbeat.com

Arizona company adds $1B solar power parts plant in Alabama

Arizona-based First Solar Inc. has selected Alabama as the site of a more than $1 billion factory that will manufacture modules that generate solar power

November 7, 2022 | marketbeat.com

After Doubling, First Solar May Keep Shining

First Solar is recharging amid increased attention on alternative energy sources and the outlook is bright for its shareholders.

December 6, 2022 | seekingalpha.com

First Solar double-downgraded to Sell from Buy at GLJ Research

December 6, 2022 | benzinga.com

First Solar Fundamentals Likely To Come Under Pressure In 2023, Analyst Downgrades Stock With 66% Price Target Cut

December 3, 2022 | americanbankingnews.com

Brokerages Set First Solar, Inc. (NASDAQ:FSLR) Price Target at $163.91

November 29, 2022 | finance.yahoo.com

Commercial Operation Commences at National Grid Renewables' Noble Solar & Storage Project

November 29, 2022 | americanbankingnews.com

Head to Head Contrast: First Solar (NASDAQ:FSLR) versus onsemi (NASDAQ:ON)

November 28, 2022 | cnbc.com

JPMorgan downgrades First Solar, cites stock's recent outperformance following climate bill passage

November 28, 2022 | msn.com

What To Know About JP Morgan's Downgrade of First Solar

November 24, 2022 | msn.com

Here's How Much You Would Have Made Owning First Solar Stock In The Last 10 Years

November 22, 2022 | finance.yahoo.com

Here is What to Know Beyond Why First Solar, Inc. (FSLR) is a Trending Stock

November 18, 2022 | bizjournals.com

Tempe-based First Solar building a $1.1B manufacturing plant in Alabama

November 17, 2022 | investorplace.com

First Solar (FSLR) Stock Pops After Announcing $1 Billion Alabama Factory

November 17, 2022 | seekingalpha.com

First Solar ramps up PV modules supply to Intersect Power

November 17, 2022 | finance.yahoo.com

First Solar (FSLR) to Build Its Fourth U.S. Factory in Alabama

November 17, 2022 | nasdaq.com

FSLR, SEDG, or RUN: Which Solar Stock is a "Strong Buy" for Wall Street Pros?

November 17, 2022 | nasdaq.com

First Solar Stock Has Outperformed The Broader Markets – Here's Why

November 16, 2022 | forbes.com

First Solar Stock Has Outperformed The Broader Markets – Here’s Why

November 15, 2022 | barrons.com

Sunrun and Other Solar Stocks With Strong U.S. Presence Are a Buy, Analyst Says

November 9, 2022 | msn.com

Here's How Much $100 Invested In First Solar 10 Years Ago Would Be Worth Today

November 8, 2022 | benzinga.com

Looking At First Solar's Recent Unusual Options Activity

November 7, 2022 | benzinga.com

Here's Why First Solar Shares Are Moving

November 7, 2022 | benzinga.com

First Solar Gets 21% Price Target Bump By Analyst, Here's Why

November 6, 2022 | finance.yahoo.com

Why First Solar Stock Soared This Past Week

November 6, 2022 | finance.yahoo.com

7 Cash-Rich Stocks to Buy for Peace of Mind

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FSLR Company Calendar

Last Earnings: 10/27/2022
Today: 12/06/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/07/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Oils/Energy
Current Symbol: NASDAQ:FSLR
CUSIP: 33643310
CIK: 1274494
Web: www.firstsolar.com
Phone: (602) 662-6899
Fax: 602-414-9400
Employees: 4,800
Year Founded: 1999

Price Target and Rating

Average Stock Price Forecast: $163.91
High Stock Price Forecast: $233.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: +4.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.88
Trailing P/E Ratio: 178.95
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $468.69 million
Net Margins: 3.75%
Pretax Margin: 7.22%
Return on Equity: 1.61%
Return on Assets: 1.27%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 4.09
Quick Ratio: 3.10

Sales & Book Value

Annual Sales: $2.92 billion
Price / Sales: 5.74
Cash Flow: $6.41 per share
Price / Cash Flow: 24.56
Book Value: $56.05 per share
Price / Book: 2.81

Miscellaneous

Outstanding Shares: 106,606,000
Free Float: 106,030,000
Market Cap: $16.79 billion
Optionable: Optionable
Beta: 1.28

Social Links

Key Executives

Mr. Mark R. Widmar (Age 56)
CEO & Director
Comp: $1.84M

Mr. Alexander R. Bradley (Age 41)
Chief Financial Officer
Comp: $879.36k

Mr. Jason E. Dymbort (Age 44)
Gen. Counsel & Sec.
Comp: $693.65k

Ms. Caroline Stockdale (Age 59)
Chief People & Communications Officer
Comp: $750.38k

Mr. Georges J. Antoun (Age 59)
Chief Commercial Officer
Comp: $1.07M

Mr. Byron Michael Jeffers (Age 39)
Global Controller & Chief Accounting Officer

Mr. Markus Gloeckler (Age 49)
Chief Technology Officer

Mr. Mitchell Ennis
Mang. of Investor Relations

Mr. Michael Koralewski (Age 50)
Chief Manufacturing Operations Officer

Mr. Jigish Trivedi
Sr. VP of Technology

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FSLR Stock - Frequently Asked Questions

Should I buy or sell First Solar stock right now?: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last twelve months. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FSLR shares.
View FSLR analyst ratings or view top-rated stocks.
What is First Solar's stock price forecast for 2023?: 20 analysts have issued 1 year price targets for First Solar's shares. Their FSLR share price forecasts range from $70.00 to $233.00. On average, they anticipate the company's stock price to reach $163.91 in the next year. This suggests a possible upside of 4.1% 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 2022?: First Solar's stock was trading at $87.16 on January 1st, 2022. Since then, FSLR shares have increased by 80.7% and is now trading at $157.47.
View the best growth stocks for 2022 here.
When is First Solar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our FSLR earnings forecast.
How were First Solar's earnings last quarter?: First Solar, Inc. (NASDAQ:FSLR) announced its earnings results on Thursday, October, 27th. The solar cell manufacturer reported ($0.46) earnings per share (EPS) 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 analyst estimates of $747.97 million. First Solar had a trailing twelve-month return on equity of 1.61% and a net margin of 3.75%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS.
What guidance has First Solar issued on next quarter's earnings?: First Solar issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of -$0.65--$0.35 for the period, compared to the consensus earnings per share 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.
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 many different institutional and retail investors. Top institutional investors 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.
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 $157.47.
How much money does First Solar make?: First Solar (NASDAQ:FSLR) has a market capitalization of $16.79 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.
How many employees does First Solar have?: The company employs 4,800 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) 662-6899, via email at investor@firstsolar.com, or via fax at 602-414-9400.

This page (NASDAQ:FSLR) was last updated on 12/7/2022 by MarketBeat.com Staff

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