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 November 15, 2024, FSLR stock price declined to $190.45 with 3,925,685 million shares trading.

FSLR has a beta of 1.01, meaning it tends to be more sensitive to market movements. FSLR has a correlation of 0.04 to the broad based SPY ETF.

FSLR has a market cap of $20.39 billion. This is considered a Large Cap stock.

Last quarter First Solar reported $888 million in Revenue and $2.91 earnings per share. This fell short of revenue expectation by $-182 million and missed earnings estimates by -$.18.

In the last 3 years, FSLR traded as high as $306.77 and as low as $59.60.

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

FSLR has underperformed the market in the last year with a price return of +25.0% while the SPY ETF gained +31.8%. FSLR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.0% and -7.1%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

FSLR support price is $187.58 and resistance is $202.70 (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 shares will trade within this expected range on the day.