First Solar Inc (NASDAQ: FSLR) is 25.31% 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 $212.28 in the last trading session, with the day’s gains setting it 3.61%.
Currently trading at $215.89, the stock is 5.87% and -2.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing 1.70% at the moment leaves the stock 5.91% off its SMA200. FSLR registered 42.09% gain for a year compared to 6-month gain of 10.90%. The firm has a 50-day simple moving average (SMA 50) of $221.3766 and a 200-day simple moving average (SMA200) of $203.516.
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The stock witnessed a -5.98% loss in the last 1 month and extending the period to 3 months gives it a 3.42%, and is 8.12% up 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 5.95% over the week and 4.12% over the month.
First Solar Inc (FSLR) has around 6700 employees, a market worth around $23.11B and $3.85B in sales. Current P/E ratio is 18.60 and Fwd P/E is 10.48. Profit margin for the company is 32.41%. Distance from 52-week low is 67.08% and -29.62% from its 52-week high. The company has generated returns on investments over the last 12 months (15.47%).
with sales reaching $1.49B over the same period.The EPS is expected to grow by 71.69% this year, but quarterly earnings will post 28.10% year-over-year. Quarterly sales are estimated to grow 28.60% in year-over-year returns.
First Solar Inc (FSLR) Top Institutional Holders
1416.0 institutions hold shares in First Solar Inc (FSLR), with institutional investors hold 95.44% of the company’s shares. The shares outstanding are 106.85M, and float is at 101.34M with Short Float at 4.93%. Institutions hold 90.26% 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 Gloeckler Markus, the company’s Chief Technology Officer. SEC filings show that Gloeckler Markus sold 3,601 shares of the company’s common stock on Oct 31 ’24 at a price of $198.52 per share for a total of $0.71 million. Following the sale, the insider now owns 8935.0 shares.
Still, SEC filings show that on Aug 13 ’24, Buehler Patrick James (Chief Product Officer) disposed off 8,619 shares at an average price of $222.00 for $1.91 million. The insider now directly holds 3,468 shares of First Solar Inc (FSLR).
