First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally.
First Solar stock last closed at $168.80, up 0.81% from the previous day, and has decreased 19.62% in one year. It has overperformed other stocks in the Solar industry by 0.3 percentage points. First Solar stock is currently +30.63% from its 52-week low of $129.22, and -27.24% from its 52-week high of $232.00.
There are currently 106.85M FSLR shares outstanding. The market value of FSLR is $18.04B. In the past 24 hours, 2.12M FSLR shares were traded.
How to Buy First Solar Stock
Not sure how to invest in First Solar stock? Here's how.
Decide where to buy First Solar stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy First Solar stock.
Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
Deposit funds into your brokerage account: Choose your method of payment and add your details.
Evaluate First Solar stock: The First Solar ticker symbol is FSLR. Is First Solar stock a good investment? Should you buy shares of FSLR? How do FSLR's underlying business fundamentals look? Do top analysts think First Solar is a good buy? Why has FSLR's stock price moved recently? (Hint: Our stock research tools can help you evaluate if FSLR is a good stock to buy).
Execute your FSLR purchase: Decide if you will purchase FSLR shares at the current market price or use a limit order to buy FSLR stock at a given price.
Watch your FSLR position: Create a watchlist to important updates regarding your investment in First Solar shares.
Step 1: Decide where to buy First Solar stock
You need a brokerage account in order to access the NASDAQ market and buy FSLR stock.
A brokerage account enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Open your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you can buy FSLR today.
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Step 4: Evaluate First Solar stock
After you have identified the best place to buy First Solar stock, it's important to analyze their stock prior to investing, so you truly wrap your head around the risk and opportunity.
First Solar stock quick numbers
FSLR Price
$168.80
1w %
10.56%
1y %
-19.62%
5y %
224.49%
P/E
21.7x
P/B
2.7x
P/S
5.43x
PEG
0.66x
Revenue
$3.32B
Earnings
$830.78M
Fore. Rev. Growth
26.18%
Fore. Earn. Growth
33.11%
Market Cap
$18.04B
Next Earnings
Apr 25, 2024
Next Dividend
N/A
First Solar Zen Score
WallStreetZen was created to help average investors do better fundamental analysis.
FSLR has $2.10B in cash and short term investments. This is sufficient to cover its annual cash burn of $784.52M.
There are more short-term assets than short-term liabilities on the FSLR balance sheet.
FSLR profit margin has gone up from -1.7% to 25% in the past year.
FSLR has cash burn of 784515000. It has sufficient cash and short-term investments to cover this for at least one year.
There are more short-term assets than long-term liabilities on the FSLR balance sheet.
Signs that FSLR is not financially healthy:
FSLR has a relatively high debt to equity ratio of 0.55.
Total FSLR debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy FSLR stock
Out of 14 Equities analysts who track FSLR, the consensus analyst rating on First Solar is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest FSLR Analyst Recommendations
Dushyant Ailani, a top 44% analyst from Jefferies initiates coverage on FSLR with a strong buy rating and announces their FSLR price target of $211.00, on Dec 15, 2023.
Jefferies's Dushyant Ailani initiated their coverage on First Solar (NASDAQ: FSLR) with a Strong Buy rating and a $211 price target.
In a year-end review of their Energy (Solar) portfolio, Ailani assumed coverage on First Solar by telling readers that the stock is Jefferies's Top Pick in the alternative energy segment.
The analyst explained that "in times of economic uncertainty, alternative energy companies with exposure to utility-scale and strong backlogs and balance sheets offer a better risk/reward profile."
First Solar hits on all those "key criteria including a strong backlog, supportive pricing in a declining pricing environment, a strong balance sheet, and ramping gross margins," Ailani said.
Andrew Percoco, a bottom 11% analyst from Morgan Stanley upgrades FSLR to a strong buy rating and raises their FSLR price target from $214.00 to $237.00, on Dec 8, 2023.
Brian Reynolds, a top 27% analyst from UBS maintains FSLR with a strong buy rating and lowers their FSLR price target from $270.00 to $250.00, on Nov 2, 2023.
Ameet Thakkar, a bottom 2% analyst from BMO Capital maintains FSLR with a buy rating and lowers their FSLR price target from $226.00 to $216.00, on Nov 1, 2023.
Moses Sutton, a bottom 28% analyst from Exane BNP Paribas initiates coverage on FSLR with a buy rating and announces their FSLR price target of $237.00, on Oct 20, 2023.
Last year, FSLR earnings were $830.78M. Over the last five year, FSLR's earnings have gone up by 41.33% per year. This was faster than the Solar industry average of 20.55%.
Last year, FSLR revenue was $3.32B. In the past 5 year, FSLR's revenue has increased by 8.14% per year. This was slower than the Solar industry average of 27.93%.
No, First Solar doesn't provide an income stream by paying out dividends.
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Step 5: Execute your FSLR purchase
There are two primary order types:
Market order: A market order is an order to buy or sell a security at the best available price. Market orders are mostly fine.
Limit order: A limit order lets you buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
How much does it cost to buy one First Solar share?
As of Mar 28, 2024, it costs $168.80 to buy one share of First Solar stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.592 shares of FSLR.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.