10-May-2024
Power sector emissions are expected to fall this year due to clean energy demand - Ember
Seeking Alpha News (Sun, 12-May 12:00 PM ET)
Global renewable energy grew by 30%, but demand is still too high for supply - Ember
Seeking Alpha News (Sat, 11-May 11:00 AM ET)
FSLR Bullish Calendar Call Spread with 315% Upside
Market Chameleon (Fri, 10-May 10:09 AM ET)
FSLR Bullish Calendar Call Spread with 159% Upside
Market Chameleon (Fri, 3-May 10:06 AM ET)
First Solar, Inc. Announces First Quarter 2024 Financial Results
Business Wire (Wed, 1-May 4:02 PM ET)
MN8 Energy Sources 457 MW of American Solar Modules from First Solar
Business Wire (Wed, 1-May 8:00 AM ET)
American Solar: Birch Creek Energy Orders 547 MW of First Solar Modules
Business Wire (Tue, 30-Apr 8:00 AM ET)
FSLR Bearish Calendar Put Spread with 148% Upside
Market Chameleon (Thu, 25-Apr 10:04 AM ET)
First Solar, Inc. to Announce First Quarter 2024 Financial Results on May 1, 2024
Business Wire (Thu, 4-Apr 5:35 PM ET)
Business Wire (Mon, 26-Feb 5:45 AM ET)
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 May 10, 2024, FSLR stock price declined to $191.05 with 1,645,753 million shares trading.
FSLR has a beta of 1.07, meaning it tends to be more sensitive to market movements. FSLR has a correlation of 0.06 to the broad based SPY ETF.
FSLR has a market cap of $20.41 billion. This is considered a Large Cap stock.
Last quarter First Solar reported $794 million in Revenue and $2.20 earnings per share. This beat revenue expectation by $92 million and exceeded earnings estimates by $.21.
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, IVV.
FSLR stock has underperformed the market in the last year with a return of +5.7%, while SPY returned +27.8%. 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 +26.1% and +6.9%, while SPY returned +4.2% and +2.5%, respectively. This indicates FSLR has been having a stronger performance recently.
FSLR support price is $188.88 and resistance is $198.34 (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.