First Solar Inc (NASDAQ:FSLR) shares, rose in value, with the stock price up by 3.07% to the previous day’s close as strong demand from buyers drove the stock to $130.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $126.34, falling within a range of $124.32 and $130.96. The value of beta (5-year monthly) is 1.517 whereas the PE ratio is 10.84 over 12-month period. Referring to stock’s 52-week performance, its high was $306.77, and the low was $124.53. On the whole, FSLR has fluctuated by -16.97% over the past month.
With the market capitalization of First Solar Inc currently standing at about $13.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.51B, with a low estimate of 796.5M and a high estimate of 1.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 861.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FSLR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.31, with the price of FSLR currently trading nearly -1.20% and -14.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.27, while the 7-day volatility ratio is showing 4.36% which for the 30-day chart, stands at 5.48%. Furthermore, First Solar Inc (FSLR)’s beta value is 1.49, and its average true range (ATR) is 6.69.
A comparison of First Solar Inc (FSLR) with its peers suggests the former has fared considerably weaker in the market. FSLR showed an intraday change of 3.07% in today’s session so far, and over the past year, it shrunk by -15.86%%.
Data on historical trading for First Solar Inc (NASDAQ:FSLR) indicates that the trading volumes over the past 10 days have averaged 2.94 and over the past 3 months, they’ve averaged 2.71 million. According to company’s latest data on outstanding shares, there are 107.06 million shares outstanding.
Nearly 6.99% of First Solar Inc’s shares belong to company insiders and institutional investors own 90.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.18 million shares as on 2025-03-14, resulting in a short ratio of 2.38. According to the data, the short interest in First Solar Inc (FSLR) stood at 1001.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 6.56 million. The stock has fallen by -26.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSLR stock heading into the next quarter.
