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 1 sell rating, 7 hold ratings and 12 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 brokers have issued 12 month target prices for First Solar's stock. Their FSLR share price forecasts range from $65.00 to $175.00. On average, they predict the company's stock price to reach $124.53 in the next year. This suggests that the stock has a possible downside of 5.9%.
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First Solar's stock was trading at $87.16 at the beginning of the year. Since then, FSLR stock has increased by 51.8% and is now trading at $132.27.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our FSLR earnings forecast.

First Solar, Inc. (NASDAQ:FSLR) released its earnings results on Thursday, July, 28th. The solar cell manufacturer reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.22. The solar cell manufacturer earned $621 million during the quarter, compared to the consensus estimate of $606.45 million. First Solar had a net margin of 7.63% and a trailing twelve-month return on equity of 3.21%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share.

First Solar updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of -$0.25-$0.25 for the period, compared to the consensus estimate of -$0.04. The company issued revenue guidance of $2.55 billion-$2.80 billion, compared to the consensus revenue estimate of $2.46 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."

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 $132.27.

First Solar (NASDAQ:FSLR) has a market capitalization of $14.10 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 $1.76 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.