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First Solar Inc. (FSLR) Dips 4.76% for March 29

First Solar Inc. (FSLR) Dips 4.76% for March 29

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First Solar Inc. is a First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects.

Among the S&P 500’s biggest fallers on Monday March 29 was First Solar Inc. (FSLR). The stock experienced a 4.76% decline to $81.61 with 1.73 million shares changing hands.

First Solar Inc. started at an opening price of 85.50 and hit a high of $85.54 and a low of $80.61. Ultimately, the stock took a hit and finished the day at $4.08 per share. First Solar Inc. trades an average of n/a shares a day out of a total 105.99 million shares outstanding.

The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. First Solar Inc. hit a high of $112.50 and a low of $33.00 over the last year.

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, and Ohio.

With its headquarters located in Tempe, AZ, First Solar Inc. employs 5,100 people. After today’s trading, the company’s market cap has fallen to $8.65 billion, a P/S of n/a, a P/B of 1.57, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

Source: equities
Anand Gupta Editor - EQ Int'l Media Network