First Solar Stock Beta
| FSLR Stock | USD 181.95 2.89 1.56% |
First Solar fundamentals help investors to digest information that contributes to First Solar's financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Solar's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First Solar stock.
First | Beta |
First Solar Company Beta Analysis
First Solar's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current First Solar Beta | 1.48 |
Most of First Solar's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Solar is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for First Solar is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Beta. Since First Solar's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Solar's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Solar's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, First Solar has a Beta of 1.481. This is 39.72% higher than that of the Semiconductors & Semiconductor Equipment sector and 3.2% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
First Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Solar's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Solar could also be used in its relative valuation, which is a method of valuing First Solar by comparing valuation metrics of similar companies.First Solar is currently under evaluation in beta category among its peers.
First Solar ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Solar's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Solar's managers, analysts, and investors.Environmental | Governance | Social |
First Solar Institutional Holders
Institutional Holdings refers to the ownership stake in First Solar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Solar's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Solar's value.| Shares | Jpmorgan Chase & Co | 2024-06-30 | 1.4 M | Norges Bank | 2024-06-30 | 1.4 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 1.3 M | Amundi | 2024-06-30 | 1.3 M | Schroder Investment Management Group | 2024-06-30 | 1.3 M | Wellington Management Company Llp | 2024-06-30 | 1.2 M | Samlyn Capital, Llc | 2024-06-30 | 1.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 988.1 K | Northern Trust Corp | 2024-09-30 | 955.4 K | Vanguard Group Inc | 2024-09-30 | 12.7 M | Blackrock Inc | 2024-06-30 | 11.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Solar will likely underperform.
First Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.079 | ||||
| Profit Margin | 0.32 % | ||||
| Operating Margin | 0.36 % | ||||
| Current Valuation | 19.21 B | ||||
| Shares Outstanding | 107.06 M | ||||
| Shares Owned By Insiders | 5.44 % | ||||
| Shares Owned By Institutions | 89.74 % | ||||
| Number Of Shares Shorted | 6.01 M | ||||
| Price To Earning | 35.42 X | ||||
| Price To Book | 2.61 X | ||||
| Price To Sales | 5.14 X | ||||
| Revenue | 3.32 B | ||||
| Gross Profit | 127.66 M | ||||
| EBITDA | 1.19 B | ||||
| Net Income | 830.78 M | ||||
| Cash And Equivalents | 1.85 B | ||||
| Cash Per Share | 17.31 X | ||||
| Total Debt | 624.39 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 4.21 X | ||||
| Book Value Per Share | 70.93 X | ||||
| Cash Flow From Operations | 602.26 M | ||||
| Short Ratio | 2.16 X | ||||
| Earnings Per Share | 11.61 X | ||||
| Price To Earnings To Growth | 0.27 X | ||||
| Target Price | 272.34 | ||||
| Number Of Employees | 6.7 K | ||||
| Beta | 1.48 | ||||
| Market Capitalization | 19.79 B | ||||
| Total Asset | 10.37 B | ||||
| Retained Earnings | 3.97 B | ||||
| Working Capital | 3.33 B | ||||
| Current Asset | 3.35 B | ||||
| Current Liabilities | 960.8 M | ||||
| Net Asset | 10.37 B |
About First Solar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Solar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First Solar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
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| 0.66 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.55 | ZS | Zscaler Earnings Call This Week | PairCorr |
| 0.37 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.31 | ZD | Ziff Davis | PairCorr |
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.