First Solar Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

September 21, 2022 14:04:15

First Solar Inc. (NASDAQ:FSLR) traded at a new 52-week high today of $140.52. This new high was reached on below average trading volume as 120,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.

In the past 52 weeks, First Solar Inc. share prices are bracketed by a low of $59.60 and a high of $140.52 and is now at $140.00, 135% above that low price.

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 a new factory under construction in India.

Potential upside of 144.4% exists for First Solar Inc., based on a current level of $140.00 and analysts’ average consensus price target of $342.17.

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