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First Solar Inc Market Cap
Based on ratings from 17 stock analysts, the First Solar Inc stock price is expected to increase by 27.08% in 12 months. This is calculated by using the average 12-month stock price forecast for First Solar Inc. The lowest target is $200 and the highest is $368. Please note analyst price targets are not guaranteed and could be missed completely.
First Solar Inc has a total of 17 Wall St Analyst ratings. There are 9 buy ratings, 8 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that First Solar Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of FSLR.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jordan Levy Truist Securities | Buy | $300 | Initiates | Sep 26, 2024 |
| Julien Dumoulin-Smith B of A Securities | Buy | $343 | Maintains | Sep 16, 2024 |
| Jed Dorsheimer William Blair | Market Perform | Initiates | Aug 29, 2024 | |
| Christine Cho Barclays | Overweight | $290 | Maintains | Aug 2, 2024 |
| Colin Rusch Oppenheimer | Outperform | $326 | Maintains | Jul 31, 2024 |
| Ameet Thakkar BMO Capital | Outperform | $286 | Maintains | Jul 31, 2024 |
| Chris Dendrinos RBC Capital | Outperform | $315 | Reiterates | Jul 31, 2024 |
| Jon Windham UBS | Buy | $360 | Maintains | Jul 31, 2024 |
| Kashy Harrison Piper Sandler | Overweight | $250 | Maintains | Jul 22, 2024 |
| Mark Strouse JP Morgan | Overweight | $282 | Maintains | Jul 16, 2024 |
| Chris Dendrinos RBC Capital | Outperform | $315 | Reiterates | Jul 8, 2024 |
| Biju Perincheril Susquehanna | Positive | $285 | Maintains | Jul 3, 2024 |
| Ben Kallo Baird | Outperform | $307 | Maintains | Jul 2, 2024 |
| Corinne Blanchard Deutsche Bank | Buy | $280 | Maintains | Jun 28, 2024 |
| Sean Milligan Janney Montgomery Scott | Neutral | Downgrade | Jun 18, 2024 | |
| Colin Rusch Oppenheimer | Outperform | $325 | Maintains | Jun 12, 2024 |
| Ben Kallo Baird | Outperform | $344 | Maintains | Jun 11, 2024 |
| Ameet Thakkar BMO Capital | Outperform | $311 | Maintains | Jun 10, 2024 |
| Brian Kinstlinger Goldman Sachs | Buy | $302 | Maintains | Jun 4, 2024 |
| Andrew Percoco Morgan Stanley | Overweight | $331 | Maintains | Jun 4, 2024 |
When did it IPO
2006
Staff Count
6,700
Country
United States
Sector/Industry
Technology/Solar
CEO
Mr. Mark R. Widmar
Market Cap
$24.97B
In 2023, FSLR generated $3.32B in revenue, which was a increase of 26.70% from the previous year. This can be seen as a signal that FSLR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 26 Sep 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Truist Securities initiated coverage on First Solar, Inc. (FSLR) with a Buy rating and set a price target of $300.
Why It Matters - Analyst coverage with a Buy rating and a $300 price target indicates strong confidence in First Solar's growth potential, likely influencing investor sentiment and stock demand.
Thu, 26 Sep 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - The stock rose throughout the day, closing near its highest point, indicating positive market momentum.
Why It Matters - A stock closing near its high indicates strong buyer interest and positive market sentiment, potentially signaling bullish momentum and attracting further investment.
Fri, 27 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - First Solar (FSLR) closed at $255.75 in the latest trading session, with a slight increase of 0.04% from the previous day.
Why It Matters - First Solar's slight price increase indicates market stability and investor confidence, which could influence future trading decisions and reflect broader trends in the solar sector.
Thu, 26 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - First Solar inaugurated a $1.1 billion solar manufacturing facility in Alabama, adding 3.5 GW capacity and creating over 800 jobs in energy technology.
Why It Matters - First Solar's new facility boosts U.S. solar manufacturing capacity, enhances job creation, and signals growth in renewable energy, positively impacting its stock and the sector's outlook.
Tue, 24 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Investors are advised not to buy First Solar (FSLR) due to its high valuation, but current shareholders may hold due to positive estimates and expansion plans.
Why It Matters - FSLR's premium valuation suggests limited upside for new buyers, while strong estimates and expansion plans may support existing shareholders' positions, influencing market sentiment.
Tue, 24 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - First Solar (FSLR) closed at $244.98, down 1.72% from the previous trading day.
Why It Matters - First Solar's decline signals potential volatility, impacting investor sentiment and portfolio strategies in the renewable energy sector.
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