Shares of Technology sector company First Solar moved 4.9% today, and are now trading at a price of $156.4. The large-cap stock's daily volume was 1,028,365 compared to its average volume of 2,231,142. The S&P 500 index returned a 1.0% performance.
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company is based in Tempe and has 5,500 full time employees. Its market capitalization is $16,710,401,024.
23 analysts are following First Solar and have set target prices ranging from $157.56 to $326.0 per share. On average, they have given the company a rating of buy. At today's prices, FSLR is trading -33.24% away from its average analyst target price of $234.27 per share.
Over the last year, FSLR shares have gone down by -1.0%, which represents a difference of -16.0% when compared to the S&P 500. The stock's 52 week high is $232.0 per share and its 52 week low is $129.22. First Solar has averaged free cash flows of $-462924166.7 over the last 6 years, but they have been increasing at a rate of 11.7%. Although the overall picture is improving, more cautious investors will probably continue to avoid this stock until the business becomes firmly cash positive.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 799,914 | 1,303,813 | -503,899 | -1566.55 |
| 2022 | 873,369 | 903,605 | -30,236 | 90.01 |
| 2021 | 237,559 | 540,291 | -302,732 | 20.23 |
| 2020 | 37,120 | 416,635 | -379,515 | 23.26 |
| 2019 | 174,201 | 668,717 | -494,516 | 53.64 |
| 2018 | -326,809 | 739,838 | -1,066,647 |
