First Solar - FSLR Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 6 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FSLR shares.
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20 brokerages have issued twelve-month price objectives for First Solar's stock. Their FSLR share price forecasts range from $70.00 to $233.00. On average, they predict the company's stock price to reach $177.63 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
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First Solar's stock was trading at $149.79 at the start of the year. Since then, FSLR stock has increased by 14.0% and is now trading at $170.78.
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First Solar saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,190,000 shares, an increase of 5.5% from the December 31st total of 3,970,000 shares. Based on an average daily volume of 2,960,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.2% of the shares of the stock are sold short.
View First Solar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our FSLR earnings forecast.

First Solar, Inc. (NASDAQ:FSLR) announced its quarterly earnings data on Thursday, November, 4th. The solar cell manufacturer reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.18. The solar cell manufacturer had revenue of $583.50 million for the quarter, compared to the consensus estimate of $688.10 million. First Solar had a net margin of 3.75% and a trailing twelve-month return on equity of 1.61%. First Solar's quarterly revenue was down 37.1% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share.

First Solar issued an update on 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 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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.23%), New York State Common Retirement Fund (0.17%), AEGON ASSET MANAGEMENT UK Plc (0.16%), DNB Asset Management AS (0.10%), New York State Teachers Retirement System (0.09%) and Strs Ohio (0.09%). 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 $170.78.

First Solar (NASDAQ:FSLR) has a market capitalization of $18.21 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.