First Solar Inc (NASDAQ: FSLR) is -27.58% lower on its value in year-to-date trading and has touched a low of $133.90 and a high of $306.77 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 $136.18 in the last trading session, with the day’s loss setting it -8.55%.
Currently trading at $127.63, the stock is -18.76% and -25.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.68 million and changing -6.28% at the moment leaves the stock -39.28% off its SMA200. FSLR registered -14.49% loss for a year compared to 6-month loss of -44.16%.
The stock witnessed a -23.75% gain in the last 1 month and extending the period to 3 months gives it a -33.64%, and is -16.53% 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 8.06% over the week and 4.90% over the month.
First Solar Inc (FSLR) has around 8100 employees, a market worth around $13.66B and $4.21B in sales. Current P/E ratio is 10.62 and Fwd P/E is 4.89. Profit margin for the company is 30.72%. Distance from 52-week low is -4.68% and -58.40% from its 52-week high. The company has generated returns on investments over the last 12 months (15.30%).
with sales reaching $860.92M over the same period.The EPS is expected to grow by 54.81% this year, but quarterly earnings will post 31.05% year-over-year. Quarterly sales are estimated to grow 8.41% in year-over-year returns.
First Solar Inc (FSLR) Top Institutional Holders
The shares outstanding are 107.06M, and float is at 99.67M with Short Float at 6.59%.
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 7.1652% 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
A total of 0 insider transactions have happened at First Solar Inc (FSLR) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Widmar Mark R, the company’s Chief Executive Officer. SEC filings show that Widmar Mark R sold 21,542 shares of the company’s common stock on Feb 28 ’25 at a price of $141.09 per share for a total of $3.04 million. Following the sale, the insider now owns 0.1 million shares.
First Solar Inc disclosed in a document filed with the SEC on Feb 28 ’25 that Verma Kuntal Kumar (Chief Manufacturing Officer) sold a total of 7,475 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $136.60 per share for $1.02 million. Following the transaction, the insider now directly holds 3549.0 shares of the FSLR stock.
Still, SEC filings show that on Feb 28 ’25, Verma Kuntal Kumar (Officer) Proposed Sale 7,475 shares at an average price of $141.09 for $1.05 million. The insider now directly holds shares of First Solar Inc (FSLR).
First Solar Inc (FSLR): Who are the competitors?
The company’s main competitors (and peers) include Sienna Resources Inc. (SIE) that is trading 14.29% up over the past 12 months.
