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 September 19, 2024, FSLR stock price declined to $240.45 with 1,954,196 million shares trading.

FSLR has a beta of 1.39, meaning it tends to be more sensitive to market movements. FSLR has a correlation of 0.10 to the broad based SPY ETF.

FSLR has a market cap of $25.74 billion. This is considered a Large Cap stock.

Last quarter First Solar reported $1 billion in Revenue and $3.25 earnings per share. This beat revenue expectation by $58 million and exceeded earnings estimates by $.58.

In the last 3 years, FSLR stock 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, SPY, IVV.

FSLR has outperformed the market in the last year with a price return of +43.3% while the SPY ETF gained +29.9%. However, in the short term, FSLR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.4% vs +4.4% return in SPY. But in the last 2 weeks, FSLR shares have fared better than the market returning +11.6% compared to SPY +3.6%.

FSLR support price is $233.04 and resistance is $250.58 (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.