Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate First Solar Inc before investing.

In this article, we go over a few key elements for understanding First Solar Inc’s stock price such as:

• First Solar Inc’s current stock price and volume
• Why First Solar Inc’s stock price changed recently
• Upgrades and downgrades for FSLR from analysts
• FSLR’s stock price momentum as measured by its relative strength

About First Solar Inc (FSLR)

Before we jump into First Solar Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

First Solar, Inc. is a solar technology company and global provider of photovoltaic cells (PV) solar energy solutions. The Company manufactures and sells PV solar modules with a semiconductor technology, which provides an alternative to conventional crystalline silicon PV solar modules. The Company operates through two segments: Modules Business and Other. Its Modules Business segment is involved in the designing, manufacturing, and selling of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the modules business segment include developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The Company's products include the Series 7 Module and Series 6 Plus module. The Company has its manufacturing locations in Malaysia, the United States and Vietnam. Its subsidiaries include First Solar Development, LLC, First Solar FE Holdings Pte. Ltd., and First Solar Malaysia Sdn. Bhd.

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First Solar Inc’s Stock Price as of Market Close

As of May 21, 2024, 4:00 PM, CST, First Solar Inc’s stock price was $212.11.

First Solar Inc is up 8.03% from its previous closing price of $196.34.

During the last market session, First Solar Inc’s stock traded between $194.50 and $199.15. Currently, there are 106.91 million shares of First Solar Inc stock available for purchase.

First Solar Inc’s price-earnings (P/E) ratio is currently at 20.6, which is high compared to the Renewable Energy Equipment & Services industry median of 17.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

First Solar Inc Stock Price History

First Solar Inc’s (FSLR) price is currently up 20.31% so far this month.

During the month of May, First Solar Inc’s stock price has reached a high of $212.37 and a low of $172.09.

Over the last year, First Solar Inc has hit prices as high as $224.50 and as low as $129.22. Year to date, First Solar Inc’s stock is up 41.6%.

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What Caused First Solar Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 20, 2024, there were 20 analysts who downgraded First Solar Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate First Solar Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on First Solar Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

First Solar Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about First Solar Inc (FSLR) by visiting AAII Stock Evaluator.

Relative Price Strength of First Solar Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 20, 2024, First Solar Inc has a weighted four-quarter relative price strength of 0.27%, which translates to a Momentum Score of 67 and is considered to be Strong.

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First Solar Inc Stock Price: Bottom Line

As of May 21, 2024, First Solar Inc’s stock price is $212.11, which is up 8.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like First Solar Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.