Home  »  Companies   »  If You Don’t Buy First Solar Inc. (NASDAQ: F...

If You Don’t Buy First Solar Inc. (NASDAQ: FSLR) Now, You’ll Regret It Later

The trading price of First Solar Inc. (NASDAQ:FSLR) floating lower at last check on Wednesday, May 24, closing at $198.79, -1.04% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $197.5301 and $202.8699. The company’s P/E ratio in the trailing 12-month period was 520.44, while its 5Y monthly beta was 1.42. In examining the 52-week price action we see that the stock hit a 52-week high of $232.00 and a 52-week low of $60.77. Over the past month, the stock has lost -5.57% in value.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.


First Solar Inc., whose market valuation is $21.75 billion at the time of this writing, is expected to release its quarterly earnings report Jul 26, 2023 – Jul 31, 2023. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.13 per share this quarter, however they have predicted annual earnings per share of $7.25 for 2023 and $12.99 for 2024. It means analysts are expecting annual earnings per share growth of 1,868.30% this year and 79.20% next year.

Analysts have forecast the company to bring in revenue of $731.89 million for the current quarter, with the likely lows of $687.5 million and highs of $827.53 million. The average estimate suggests sales will likely up by 17.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $3.46 billion. The company’s revenue is forecast to grow by 31.90% over what it did in 2023.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of First Solar Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest FSLR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 92.28, which symbolizes a positive outlook. A quick review shows that FSLR’s price is currently 2.68% off the SMA20 and -2.33% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.17, and weekly volatility stands at 3.24%. When measured over the past 30 days, the indicator reaches 4.06%. First Solar Inc. (NASDAQ:FSLR)’s beta value is currently sitting at 1.41, while the Average True Range indicator is currently displaying 9.10.

To see how First Solar Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: FSLR stock’s performance was -1.04% at last check in today’s session, and 200.93% in the past year. Furthermore, SolarEdge Technologies Inc. (SEDG) showed a decrease of -0.52% today while its price kept inclining at 12.45% over the past year. First Solar Inc. has a P/E ratio of 520.44. Also during today’s trading, the S&P 500 Index has plunged -0.86%, while the Dow Jones Industrial also saw a negative session, down -0.70% today.

An evaluation of the daily trading volume of First Solar Inc. (NASDAQ:FSLR) indicates that the 3-month average is 3.05 million. However, this figure has increased over the past 10 days to an average of 4.87 million.

Currently, records show that 106.67 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 83.10%. The stats also highlight that short interest as of Apr 27, 2023, stood at 3.61 million shares, resulting in a short ratio of 1.62 at that time. From this, we can conclude that short interest is 3.38% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 4.51 million. However, since the stock’s price has seen 32.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Leave a Comment

Your email address will not be published. Required fields are marked *