First Solar Stock Forecast, Price & News

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 shares have increased by 150.6% and is now trading at $93.31.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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First Solar is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
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First Solar, Inc. (NASDAQ:FSLR) posted its quarterly earnings data on Tuesday, October, 27th. The solar cell manufacturer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.85. First Solar had a net margin of 3.17% and a return on equity of 7.18%.
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First Solar issued an update on its fourth quarter earnings guidance on Tuesday, October, 27th. The company provided earnings per share guidance of $1.00-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.07. The company issued revenue guidance of $540-790 million, compared to the consensus revenue estimate of $861.29 million.

15 equities research analysts have issued twelve-month price objectives for First Solar's stock. Their forecasts range from $40.00 to $125.00. On average, they expect First Solar's stock price to reach $80.86 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
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First Solar saw a decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,980,000 shares, a decrease of 15.2% from the September 30th total of 9,410,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 9.5% of the company's shares are sold short.
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Some companies that are related to First Solar include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI) and Lattice Semiconductor (LSCC).
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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 a number of retail and institutional investors. Top institutional investors include Polunin Capital Partners Ltd (0.83%), DNB Asset Management AS (0.38%), Columbus Circle Investors (0.22%), Retirement Systems of Alabama (0.22%), Grace & White Inc. NY (0.13%) and Bourgeon Capital Management LLC (0.10%). Company insiders that own First Solar stock include Alexander R Bradley, Byron Michael Jeffers, Christopher Bueter, Georges Antoun, Lukas T Walton, Mark R Widmar, Paul J Kaleta, 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 DNB Asset Management AS, Polunin Capital Partners Ltd, Grace & White Inc. NY, Retirement Systems of Alabama, Fulcrum Capital LLC, New Mexico Educational Retirement Board, Winslow Evans & Crocker Inc., and Harrington Investments INC. Company insiders that have sold First Solar company stock in the last year include Alexander R Bradley, Byron Michael Jeffers, Georges Antoun, Lukas T Walton, Mark R Widmar, Philip Dejong, R Craig Kennedy, and Raffi Garabedian.
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FSLR stock was acquired by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Bourgeon Capital Management LLC, Guinness Asset Management LTD, Account Management LLC, Cozad Asset Management Inc., Bradley Foster & Sargent Inc. CT, Pacer Advisors Inc., and Nwam LLC.
View insider buying and selling activity for First Solar.

Shares of FSLR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FSLR stock can currently be purchased for approximately $93.31.

First Solar has a market capitalization of $9.89 billion and generates $3.06 billion in revenue each year. The solar cell manufacturer earns $-114,930,000.00 in net income (profit) each year or $1.48 on an earnings per share basis. First Solar employs 6,600 workers across the globe.

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

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 602-414-9300 or via email at [email protected]