Currently, there are 106.85M common shares owned by the public and among those 101.33M shares have been available to trade.
The company’s stock has a 5-day price change of -0.29% and -9.00% over the past three months. FSLR shares are trading 16.90% year to date (YTD), with the 12-month market performance up to 33.58% higher. It has a 12-month low price of $129.21 and touched a high of $306.77 over the same period. FSLR has an average intraday trading volume of 2.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.70%, -10.88%, and -0.07% respectively.
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Institutional ownership of First Solar Inc (NASDAQ: FSLR) shares accounts for 87.44% of the company’s 106.85M shares outstanding.
It has a market capitalization of $21.56B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 17.99, while the earnings-per-share (ttm) stands at $11.20. The company has a PEG of 0.59 and a Quick Ratio of 1.65 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 3.82% over the month.
Analysts forecast that First Solar Inc (FSLR) will achieve an EPS of 3.09 for the current quarter, 4.82 for the next quarter and 21.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.77 while analysts give the company a high EPS estimate of 2.77. Comparatively, EPS for the current quarter was 2.5 a year ago. Earnings per share for the fiscal year are expected to increase by 73.94%, and 56.67% over the next financial year. EPS should shrink at an annualized rate of 30.50% over the next five years, compared to 41.58% over the past 5-year period.
Looking at the support for the FSLR, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on Oct-23-24, with the firm’s price target at $200-$254. Truist coverage for the First Solar Inc (FSLR) stock in a research note released on September 26, 2024 offered a Buy rating with a price target of $300. William Blair was of a view on August 29, 2024 that the stock is Mkt Perform, while Clarksons Platou gave the stock Buy rating on August 14, 2024, issuing a price target of $270. DZ Bank on their part issued Buy rating on August 01, 2024.
