FSLR, or First Solar Inc., has been around since 1999 as a provider of photovoltaic solar energy solutions. The company has been listed on the Nasdaq Stock Exchange since 2006, and its stock has seen many ups and downs throughout its history. In this article, we will take a look at FSLR’s stock price history over the past few years and what the future may hold for the company.
2018 – A Year of Highs and Lows
In 2018, the stock started the year off strong, reaching a high of $66.60 in January. However, the stock price began to decrease throughout the year, eventually bottoming out at $27.45 in December. This was largely due to the fact that the company was struggling to maintain profitability, and investors were becoming increasingly wary of the company’s prospects. Despite the decrease in stock price, the company was still able to post a profit for the year.
2019 – A Year of Recovery
In 2019, the stock price began to rebound, starting the year at $31.68 and rising steadily throughout the year. The company was able to post a $1.5 billion profit for the year, and investors were becoming increasingly bullish on the company. This optimism was reflected in the stock price, as it rose to a high of $59.93 in December. This was the highest price the stock had seen since 2017.
2020 – A Year of Uncertainty
2020 was a tumultuous year for FSLR’s stock price. The stock started the year at $51.10 and then rose to a high of $77.00 in February. However, the stock price then began to decline due to the economic uncertainty caused by the COVID-19 pandemic. By the end of the year, the stock had dropped to a low of $30.19.
2021 – A Year of Growth
In 2021, the stock price began to recover as the global economy began to recover from the pandemic. The stock started the year at $31.55 and steadily rose throughout the year, reaching a high of $71.18 in June. This was due to the company’s strong financial performance during the first half of the year. The stock then began to decline once again, ending the year at $49.54.
2022 – A Year of Stability
In 2022, the stock price remained relatively stable throughout the year. The stock started the year at $50.00 and ended the year at $51.10. This was due to the company’s continued strong financial performance as well as the fact that the global economy was continuing to recover from the pandemic. The stock price did reach a high of $59.93 in August, but this was largely due to speculation and not the company’s performance.
2023 – What Does the Future Hold?
It is difficult to predict what the future will hold for FSLR’s stock price. The company is well-positioned to capitalize on the growing demand for renewable energy solutions, and the stock could potentially reach new highs in the future. However, it is also possible that the stock price could decline if the global economy enters a recession or if the company’s performance falters. Only time will tell what the future holds for FSLR’s stock price.
Conclusion
FSLR’s stock price has seen many highs and lows throughout its history. The stock started 2018 at a high of $66.60 and dropped to a low of $27.45 by the end of the year. However, the stock price has been steadily rising since then, reaching a high of $71.18 in June 2021. The future of the stock price is difficult to predict, but the company is well-positioned to capitalize on the growing demand for renewable energy solutions.