Shares of First Solar Inc. (NASDAQ:FSLR) traded today at $139.55, eclipsing its 52-week high. This new high was reached on below average trading volume as 93,000 shares traded hands, while the average 30-day volume is approximately 3.4 million shares.
Potential upside of 129.7% exists for First Solar Inc., based on a current level of $138.70 and analysts’ average consensus price target of $318.57.
In the past 52 weeks, shares of First Solar Inc. have traded between a low of $59.60 and a high of $139.55 and is now at $138.70, which is 133% 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.
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