First Solar Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" First Solar stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FSLR, but not buy additional shares or sell existing shares.
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Wall Street analysts have given First Solar a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First Solar wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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First Solar is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
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First Solar, Inc. (NASDAQ:FSLR) issued its quarterly earnings results on Thursday, April, 29th. The solar cell manufacturer reported $1.96 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.00 by $0.96. The solar cell manufacturer had revenue of $803.37 million for the quarter, compared to the consensus estimate of $694.80 million. First Solar had a net margin of 17.34% and a trailing twelve-month return on equity of 9.48%. During the same quarter in the prior year, the firm posted $0.85 earnings per share.
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First Solar's stock was trading at $37.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FSLR stock has increased by 107.4% and is now trading at $77.21.
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First Solar issued an update on its FY 2021 earnings guidance on Thursday, May, 6th. The company provided EPS guidance of 4.050-4.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.370. The company issued revenue guidance of $2.85 billion-$3.03 billion, compared to the consensus revenue estimate of $2.94 billion.

16 analysts have issued 12-month price targets for First Solar's shares. Their forecasts range from $50.00 to $141.00. On average, they anticipate First Solar's stock price to reach $95.06 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price.
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118 employees have rated First Solar CEO Mark Widmar on Glassdoor.com. Mark Widmar has an approval rating of 96% among First Solar's employees. This puts Mark Widmar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to First Solar include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.02%), Schroder Investment Management Group (2.49%), Dimensional Fund Advisors LP (1.15%), Bank of New York Mellon Corp (1.11%), Geode Capital Management LLC (1.07%) and Handelsbanken Fonder AB (0.87%). Company insiders that own First Solar stock include Alexander R Bradley, Byron Michael Jeffers, George A Hambro, Georges Antoun, Lukas T Walton, Mark R Widmar, Markus Gloeckler, Michael Koralewski, Philip Dejong, R Craig Kennedy and Raffi Garabedian.
View institutional ownership trends for First Solar.

FSLR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Bank of New York Mellon Corp, Prudential Financial Inc., Zurcher Kantonalbank Zurich Cantonalbank, Voloridge Investment Management LLC, Luminus Management LLC, Amundi Asset Management US Inc., and SG Americas Securities LLC. Company insiders that have sold First Solar company stock in the last year include Alexander R Bradley, Byron Michael Jeffers, George A Hambro, Georges Antoun, Lukas T Walton, Mark R Widmar, Markus Gloeckler, Michael Koralewski, Philip Dejong, R Craig Kennedy, and Raffi Garabedian.
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FSLR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Schroder Investment Management Group, Alps Advisors Inc., ANTIPODES PARTNERS Ltd, Principal Financial Group Inc., Principal Financial Group Inc., Great Lakes Advisors LLC, and DnB Asset Management AS.
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Shares of FSLR 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 $77.21.

First Solar has a market capitalization of $8.21 billion and generates $2.71 billion in revenue each year. The solar cell manufacturer earns $398.36 million in net income (profit) each year or $3.73 on an earnings per share basis.

First Solar employs 5,100 workers across the globe.

First Solar was founded in 1999.

The official website for First Solar is www.firstsolar.com.

First Solar is headquartered at 350 WEST WASHINGTON STREET SUITE 600, TEMPE AZ, 85281.

First Solar's mailing address is 350 WEST WASHINGTON STREET SUITE 600, TEMPE AZ, 85281. The solar cell manufacturer can be reached via phone at (602) 662-6899 or via email at [email protected]