First Solar Inc (NASDAQ: FSLR) is 15.90% higher on its value in year-to-date trading and has touched a low of $129.21 and a high of $306.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSLR stock was last observed hovering at around $205.03 in the last trading session, with the day’s loss setting it -5.36%.
Currently trading at $199.67, the stock is -5.13% and -10.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.9 million and changing -2.61% at the moment leaves the stock -1.36% off its SMA200. FSLR registered 39.38% gain for a year compared to 6-month gain of 13.26%. The firm has a 50-day simple moving average (SMA 50) of $223.0358 and a 200-day simple moving average (SMA200) of $202.41866.
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The stock witnessed a -19.95% loss in the last 1 month and extending the period to 3 months gives it a -7.56%, and is -0.86% 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 3.44% over the week and 3.85% over the month.
First Solar Inc (FSLR) has around 6700 employees, a market worth around $21.37B and $3.76B in sales. Current P/E ratio is 17.83 and Fwd P/E is 9.44. Profit margin for the company is 31.97%. Distance from 52-week low is 54.53% and -34.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.58%).
The EPS is expected to grow by 74.30% this year.
First Solar Inc (FSLR) Top Institutional Holders
1406.0 institutions hold shares in First Solar Inc (FSLR), with institutional investors hold 94.84% of the company’s shares. The shares outstanding are 106.85M, and float is at 101.33M with Short Float at 4.93%. Institutions hold 89.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.49 million shares valued at $2.82 billion. The investor’s holdings represent 11.6863% of the FSLR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.32 million shares valued at $2.55 billion to account for 10.5869 of the shares outstanding. The other top investors are ELECTRON CAPITAL PARTNERS, LLC which holds 7.67 million shares representing 7.174% and valued at over $9.74 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 6.2013 of the shares totaling 6.63 million with a market value of $1.49 billion.
First Solar Inc (FSLR) Insider Activity
The most recent transaction is an insider sale by Buehler Patrick James, the company’s Chief Product Officer. SEC filings show that Buehler Patrick James sold 8,619 shares of the company’s common stock on Aug 13 ’24 at a price of $222.00 per share for a total of $1.91 million. Following the sale, the insider now owns 3468.0 shares.
First Solar Inc disclosed in a document filed with the SEC on Aug 12 ’24 that Jeffers Byron Michael (VP – Global Controller and CAO) sold a total of 500 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $220.00 per share for $0.11 million. Following the transaction, the insider now directly holds 0.0 shares of the FSLR stock.
Still, SEC filings show that on Aug 13 ’24, Buehler Patrick James (Officer) Proposed Sale 8,619 shares at an average price of $222.00 for $1.91 million. The insider now directly holds shares of First Solar Inc (FSLR).
