First Solar Inc. (NASDAQ: FSLR) is -12.08% lower on its value in year-to-date trading and has touched a low of $28.47 and a high of $112.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSLR stock was last observed hovering at around $86.61 in the last trading session, with the day’s gains setting it 0.36% off its average median price target of $97.00 for the next 12 months. It is also 38.32% off the consensus price target high of $141.00 offered by 19 analysts, but current levels are -126.48% lower than the price target low of $38.40 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $86.97, the stock is -11.85% and -11.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.86 million and changing 0.42% at the moment leaves the stock 15.94% off its SMA200. FSLR registered 69.83% gain for a year compared to 6-month gain of 17.37%. The firm has a 50-day simple moving average (SMA 50) of $100.17 and a 200-day simple moving average (SMA200) of $85.86.
The stock witnessed a -18.47% loss in the last 1 month and extending the period to 3 months gives it a 3.46%, and is -11.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.70% over the week and 5.59% over the month.
First Solar Inc. (FSLR) has around 6600 employees, a market worth around $9.26B and $3.50B in sales. Current P/E ratio is 41.65 and Fwd P/E is 23.98. Profit margin for the company is 6.40%. Distance from 52-week low is 205.48% and -22.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.80%).
First Solar Inc. (FSLR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for First Solar Inc. (FSLR) is a “Hold”. 19 analysts offering their recommendations for the stock have an average rating of 3.00, where 6 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.
First Solar Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $1.23 with sales reaching $720.48M over the same period.The EPS is expected to shrink by -186.50% this year, but quarterly earnings will post -7.70% year-over-year. Quarterly sales are estimated to shrink -48.50% in year-over-year returns.
First Solar Inc. (FSLR) Top Institutional Holders
679 institutions hold shares in First Solar Inc. (FSLR), with 12.66M shares held by insiders accounting for 11.95% while institutional investors hold 85.83% of the company’s shares. The shares outstanding are 105.97M, and float is at 93.32M with Short Float at 7.96%. Institutions hold 75.58% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.67 million shares valued at $1.25 billion. The investor’s holdings represent 11.96% of the FSLR Shares outstanding. As of Dec 30, 2020, the second largest holder is Wellington Management Company, LLP with 8.56 million shares valued at $846.68 million to account for 8.08% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 8.17 million shares representing 7.71% and valued at over $807.73 million, while Invesco Ltd. holds 4.21% of the shares totaling 4.46 million with a market value of $441.31 million.
First Solar Inc. (FSLR) Insider Activity
A total of 33 insider transactions have happened at First Solar Inc. (FSLR) in the last six months, with sales accounting for 14 and purchases happening 19 times. The most recent transaction is an insider sale by KENNEDY R CRAIG, the company’s Director. SEC filings show that KENNEDY R CRAIG sold 550 shares of the company’s common stock on Feb 16 at a price of $101.79 per share for a total of $55985.0. Following the sale, the insider now owns 26289.0 shares.
First Solar Inc. disclosed in a document filed with the SEC on Jan 15 that KENNEDY R CRAIG (Director) sold a total of 550 shares of the company’s common stock. The trade occurred on Jan 15 and was made at $105.16 per share for $57838.0. Following the transaction, the insider now directly holds 26839.0 shares of the FSLR stock.
Still, SEC filings show that on Dec 15, DeJong Philip (Chief Operating Officer) disposed off 8,877 shares at an average price of $85.50 for $0.76 million. The insider now directly holds 0 shares of First Solar Inc. (FSLR).
First Solar Inc. (FSLR): Who are the competitors?
The company’s main competitors (and peers) include SunPower Corporation (SPWR) that is trading 443.79% up over the past 12 months. General Electric Company (GE) is 6.16% up on the 1-year trading charts. Short interest in the company’s stock has fallen -2.15% from the last report on Dec 30, 2020 to stand at a total of 7.59 million short shares sold with a short interest ratio of 2.43.