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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Financial Day of Reckoning Has Begun (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
The Financial Day of Reckoning Has Begun (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Financial Day of Reckoning Has Begun (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
The Financial Day of Reckoning Has Begun (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Financial Day of Reckoning Has Begun (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
The Financial Day of Reckoning Has Begun (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
NASDAQ:FSLR

First Solar - FSLR Stock Forecast, Price & News

$117.96
+3.39 (+2.96%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$113.66
$118.11
50-Day Range
$61.95
$117.97
52-Week Range
$59.60
$123.13
Volume
2.48 million shs
Average Volume
3.31 million shs
Market Capitalization
$12.58 billion
P/E Ratio
67.03
Dividend Yield
N/A
Price Target
$99.39

First Solar MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
15.7% Downside
$99.39 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
1.06mentions of First Solar in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$4.27 M Sold Last Quarter
Proj. Earnings Growth
1,205.56%
From $0.18 to $2.35 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Oils/Energy Sector

76th out of 255 stocks

Semiconductors & Related Devices Industry

36th out of 96 stocks

FSLR stock logo

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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSLR. Piper Sandler increased their target price on shares of First Solar from $90.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Robert W. Baird increased their target price on shares of First Solar from $98.00 to $119.00 in a report on Friday, July 29th. Oppenheimer upgraded shares of First Solar from a "market perform" rating to an "outperform" rating and set a $116.00 target price for the company in a report on Friday, July 29th. Credit Suisse Group lowered their target price on shares of First Solar to $77.00 in a report on Monday, July 25th. Finally, Barclays began coverage on shares of First Solar in a report on Friday, August 5th. They issued an "underweight" rating and a $89.00 target price for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, First Solar has a consensus rating of "Hold" and a consensus price target of $99.39.

First Solar Stock Performance

Shares of FSLR traded up $3.39 during trading hours on Friday, hitting $117.97. The company's stock had a trading volume of 2,476,136 shares, compared to its average volume of 3,312,395. The business has a 50 day simple moving average of $77.43 and a two-hundred day simple moving average of $74.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.21 and a quick ratio of 3.20. First Solar has a 52-week low of $59.60 and a 52-week high of $123.13. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 67.03, a PEG ratio of 94.91 and a beta of 1.49.

First Solar (NASDAQ:FSLR - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The solar cell manufacturer reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). First Solar had a net margin of 7.63% and a return on equity of 3.21%. The firm had revenue of $621.00 million during the quarter, compared to the consensus estimate of $606.45 million. During the same quarter last year, the business posted $0.77 earnings per share. First Solar's revenue was down 1.3% compared to the same quarter last year. On average, equities analysts expect that First Solar will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michael Koralewski sold 1,822 shares of the firm's stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $67.58, for a total value of $123,130.76. Following the completion of the transaction, the insider now directly owns 1,007 shares in the company, valued at $68,053.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael Koralewski sold 1,822 shares of the firm's stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $67.58, for a total value of $123,130.76. Following the completion of the transaction, the insider now directly owns 1,007 shares in the company, valued at $68,053.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick James Buehler bought 489 shares of the company's stock in a transaction on Friday, August 5th. The shares were bought at an average price of $102.10 per share, with a total value of $49,926.90. Following the completion of the transaction, the insider now owns 4,117 shares of the company's stock, valued at $420,345.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 48,405 shares of company stock worth $4,271,772. 0.54% of the stock is owned by company insiders.

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FSLR Stock News Headlines

Solar Stocks Shine Brightly After Passage Of Clean Energy Bill (FSLR)
Solar companies Enphase, Solar Edge and First Solar are getting a boost from the Clean Energy Bill. Do recent results show potential to sustain those rallies?
First Solar (NASDAQ:FSLR) Rating Increased to Buy at Guggenheim
10 Trending Stocks This Week
First Solar (NASDAQ:FSLR) Research Coverage Started at Barclays
First Solar (NASDAQ:FSLR) PT Raised to $120.00 at Piper Sandler
SunPower Reports Second Quarter 2022 Results
See More Headlines
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FSLR Company Calendar

Last Earnings
7/28/2022
Today
8/13/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:FSLR
CUSIP
33643310
Employees
4,800
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$99.39
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
-15.7%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
22 Analysts

Profitability

Net Income
$468.69 million
Pretax Margin
11.70%

Debt

Sales & Book Value

Annual Sales
$2.92 billion
Cash Flow
$7.06 per share
Book Value
$55.31 per share

Miscellaneous

Free Float
106,019,000
Market Cap
$12.58 billion
Optionable
Optionable
Beta
1.49

Social Links















FSLR Stock - Frequently Asked Questions

Should I buy or sell First Solar stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Solar in the last year. There are currently 3 sell ratings, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FSLR shares. 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.
View FSLR analyst ratings
or view top-rated stocks.

What is First Solar's stock price forecast for 2022?

22 Wall Street research analysts have issued 1 year price targets for First Solar's stock. Their FSLR share price forecasts range from $54.00 to $140.00. On average, they anticipate the company's share price to reach $99.39 in the next year. This suggests that the stock has a possible downside of 15.7%.
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 at the beginning of the year. Since then, FSLR shares have increased by 35.3% and is now trading at $117.9650.
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 Thursday, November 3rd 2022.
View our FSLR earnings forecast
.

How were First Solar's earnings last quarter?

First Solar, Inc. (NASDAQ:FSLR) released its earnings results on Thursday, July, 28th. The solar cell manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.09. The solar cell manufacturer had revenue of $621 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share.

What guidance has First Solar issued on next quarter's earnings?

First Solar updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) 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.

What is Mark Widmar's approval rating as First Solar's CEO?

118 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.

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 FMR LLC (1.66%), Walleye Trading LLC (0.00%), Group One Trading L.P. (0.00%), Allianz Asset Management GmbH (1.12%), Northern Trust Corp (0.80%) and Credit Suisse AG (0.59%). 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 $117.97.

How much money does First Solar make?

First Solar (NASDAQ:FSLR) has a market capitalization of $12.58 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.

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

When was First Solar founded?

First Solar was founded in 1999.

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 8/13/2022 by MarketBeat.com Staff

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