FSLR Stock Summary and Trading Ideas (First Solar | NASDAQ:FSLR)

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

First Solar trades on the NASDAQ stock market under the symbol FSLR.

As of April 19, 2024, FSLR stock price climbed to $175.68 with 1,423,520 million shares trading.

FSLR has a beta of 1.00, meaning it tends to be less sensitive to market movements. FSLR has a correlation of 0.04 to the broad based SPY ETF.

FSLR has a market cap of $18.77 billion. This is considered a Large Cap stock.

Last quarter First Solar reported $1 billion in Revenue and $3.25 earnings per share. This fell short of revenue expectation by $-161 million and exceeded earnings estimates by $.11.

In the last 3 years, FSLR stock traded as high as $232.00 and as low as $59.60.

The top ETF exchange traded funds that FSLR belongs to (by Net Assets): VTI, VOO, VO, SPY, ICLN.

FSLR stock has underperformed the market in the last year with a return of -20.0%, while SPY returned +21.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FSLR shares. However, FSLR has outperformed the market in the last 3 month and 2 week periods, returning +19.1% and +2.5%, while SPY returned +4.5% and -3.2%, respectively. This indicates FSLR has been having a stronger performance recently.

FSLR support price is $169.52 and resistance is $179.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSLR stock will trade within this expected range on the day.