WallStreetZenWallStreetZen

How to Buy First Solar Stock

First Solar Inc

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 $144.73, down 3.53% from the previous day, and has decreased 11.54% in one year. It has overperformed other stocks in the Solar industry by 0.41 percentage points. First Solar stock is currently +12.01% from its 52-week low of $129.22, and -37.62% from its 52-week high of $232.00.

There are currently 106.84M FSLR shares outstanding. The market value of FSLR is $15.46B. 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.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

Our recommended brokerage: eToro

Based on our experience, eToro is the best stock brokerage. eToro gives you:

  • Invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to world markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
  • Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by creating an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

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.

How to Create a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Enter your personal data to create a new brokerage account.
  1. Send your data by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your brokerage account

Now that you have created your account on app for stock market, you need to deposit funds:

Check out the video below if you need help depositing money into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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
$144.73
1w %
-9.42%
1y %
-11.54%
5y %
169.37%
P/E
32.6x
P/B
2.45x
P/S
4.89x
PEG
0.54x
Revenue
$3.16B
Earnings
$473.99M
Fore. Rev. Growth
28.63%
Fore. Earn. Growth
60.48%
Market Cap
$15.46B
Next Earnings
Feb 27, 2024
Next Dividend
N/A

First Solar Zen Score

WallStreetZen was created to help average investors do better fundamental analysis.

You can view all of the due diligence checks on FSLR's stock page.

What is the fair value of FSLR stock?

You can use many financial metrics, analyses, models, and charts to gauge FSLR's true value.

Using relative valuations methods:

  • FSLR could be overvalued based on its P/E ratio of 32.6x, relative to Solar industry P/E ratio of 23.43x
  • FSLR may be undervalued based on its P/B ratio of 2.45x, relative to Solar industry P/B ratio of 2.7x
  • FSLR could be undervalued based on its PEG ratio of 0.54x

You can do additional valuation research on FSLR's stock here.

A quick look at FSLR Financials

Signs that FSLR is financially healthy:

  • FSLR has $1.82B in cash and short term investments. This is sufficient to cover its annual cash burn of $530.40M.
  • There are more short-term assets than short-term liabilities on the FSLR balance sheet.
  • FSLR profit margin has gone up from 3.8% to 15% in the past year.
  • FSLR has cash burn of 530398000. 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 0.52.
  • 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 15 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

Brian Reynolds, a top 30% 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 23% 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.

Mark Strouse, a top 12% analyst from JP Morgan upgrades FSLR to a strong buy rating and lowers their FSLR price target from $239.00 to $220.00, on Oct 19, 2023.

Vikram Bagri, a bottom 4% analyst from Citigroup maintains FSLR with a hold rating and lowers their FSLR price target from $200.00 to $185.00, on Oct 18, 2023.

You can dig deeper into what analysts are saying on the First Solar stock forecast page.

FSLR Technical Indicators

SMA10
152.72
SMA20
149.25
SMA50
156.14
SMA100
153.11
SMA200
171.67
MACD
-0.6
MACD Signal
-1
MACD Histogram
0.4
RSI
42.12
Stochastic %K
48.84
Stochastic %D
62.65
StochRSI %K
56.34
StochRSI %D
71.51

Is FSLR Making Money?

Last year, FSLR earnings were $473.99M. Over the last three year, FSLR's earnings have gone up by 103.36% per year. This was faster than the Solar industry average of 75.2%.

Last year, FSLR revenue was $3.16B. In the past 5 year, FSLR's revenue has increased by 10.82% per year. This was slower than the Solar industry average of 35.46%.

You can research FSLR's earnings and revenue performance here.

Are FSLR executives and large shareholders buying or selling the stock?

In the past year, executives and large shareholders at FSLR have sold more shares than they have bought.

Georges Antoun, Chief Commercial Officer of FSLR, was the latest FSLR insider to sell. They sold $422,448.00 worth of FSLR shares on Dec 19, 2023.

Research more about who owns FSLR shares here.

Does FSLR provide a stable income stream?

No, First Solar doesn't provide an income stream by paying out dividends.

Get opinions from other traders

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

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:

Open eToro Account

Step 6: Watch your FSLR position

Now that you own some shares in FSLR, you'll want to stay up-to-date on your stock purchase.

Add FSLR to a watchlist to get the latest updates about your FSLR stock.

FSLR Feed

How to Buy Stock in First Solar

To summarize, here are the 6 steps for buying First Solar stock:

  1. Decide where to buy First Solar stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate First Solar stock
  5. Execute your FSLR purchase
  6. Watch your FSLR position

If you require a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your investment in First Solar, get started below.

NASDAQ: FSLR
$144.73-5.30 (-3.53%)
Updated Feb 22, 2024
Open eToro Account
NASDAQ: FSLR
$144.73-5.30 (-3.53%)
Updated Feb 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one First Solar share?

As of Feb 22, 2024, it costs $144.73 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 $10, you can buy 0.069 shares of FSLR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy First Solar stock?

According to 15 Wall Street analysts who monitor First Solar, their consensus recommendation is to buy First Solar stock.

What is the best way to buy First Solar stock?

One way to place an order for First Solar stock is with a brokerage account.
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.