How to Buy First Solar Stock [2024]

Summary: First Solar (FSLR) is a major American solar panel manufacturer and an S&P 500 component, which makes its stock a promising investment for those who’ve set their sights on the photovoltaics industry. In this guide, you will learn how to buy First Solar stock through online stock trading platforms like eToro.

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About First Solar

First Solar (NASDAQ: FSLR) is one of the largest American solar panel manufacturers and a company with a lot of stake in the finance, construction, and recycling industries. It was founded in 1990 as Solar Cells, Inc., but after its acquisition by True North Partners, it was rebranded as First Solar, Inc. Today, more than three decades later, the company has more than 6,000 employees and boasts a revenue of almost $3 billion.

How to buy First Solar stock? Step-by-step process

First Solar went public in 2006 when it started trading on the NASDAQ with the ticker FSLR. As the company is among the 503 largest and most traded companies on the stock exchange, it is not surprising that its stock is readily available on online stock trading platforms such as eToro.

To invest in First Solar, you can take the following steps:

Step 1: Choose a reliable broker (we recommend eToro);
Step 2: Research First Solar and its stock;
Step 3: Fund your account;
Step 4: Place your order;
Step 5: Monitor your investment.

Step 1: Choose a broker

To buy First Solar stock, you’ll need a brokerage account, which enables you to buy, sell, and hold shares in various companies on the stock market. There are numerous brokers available where you can sign up and start investing, so it’s crucial to choose one that aligns with your investment strategy.

When choosing a broker, consider factors such as:

Commissions and other fees: Brokers tend to charge fees for all sorts of things, including commissions, transfers, inactivity, etc., so find one with competitive fee policies;

Trading tools: The more tools such as charts you have at your disposal, the better you can organize your investment strategy;

Available financial instruments: You are buying stocks now, but in the future, you might want to invest in things such as mutual funds, exchange-traded funds (ETFs), bonds, crypto, commodities, etc.;

Customer Support: The quality of customer service is of utmost importance, especially if you’re new and only just learning how to invest.

Our recommended broker that features First Solar stock is eToro, a platform licensed by the Financial Industry Regulatory Authority (FINRA) and the Financial Conduct Authority (FCA) that features:

Commission-free trading for FSLR and other stocks;
2,000+ stocks, 17 different exchanges;
Fractional shares;
Ready-made investment portfolios;
Social trading;
User-friendly interface.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

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For those looking to embrace environmental, social, and governance (ESG) and impact investing principles and expand their investment portfolio in the solar and renewable energy sector, consider exploring these additional stock options:

Step 2: Research First Solar and its stock

Investing in stocks is inherently risky, so you should never take an investment lightly, even if you’ve set your sights on a well-established company in one of the largest and best-performing indexes. Therefore, before investing in First Solar, you should first consider its:

Financial well-being;
Recent performance;
Relationship to the rest of the market;
Debt levels;
Etc.

Gaining insight into the financial health of First Solar and analyzing market trends coupled with the broader industry landscape will give you all the necessary context to gauge the company’s financial prospects. That is, it will enable you to catch early glimpses of potentially profitable investment options.

Step 3: Fund your account

Next, you can start thinking about funding your brokerage account. First, however, you’ll have to figure out how much you’re willing to invest. Since investing is inherently risky, it would be wise if you avoided handling large sums of money immediately. That is especially true if you’ve got unpaid debts and other financial priorities that demand urgent attention.

When transferring funds, keep in mind that not all brokers allow for the same payment methods and that the funding process can sometimes take a few days. In other words, you might not have funds in your account on time if you plan on capitalizing on some short-term price fluctuations.

With eToro, for example, you can simply link your broker and bank accounts, or you can transfer funds via PayPal and other third-party payment services. In addition, you can use a credit card. Note, though, that eToro does not accept gift and prepaid cards.

It is highly recommended that you set aside a chunk of your available capital as a safety fund before you start investing.

Step 4: Place your order

Finally, you can place orders and buy First Solar stock. On eToro, you’ll have several options at your disposal:

Market Order — Buy the stock instantly at its current price;
Limit Order — Specify a specific price at which you want to place your trade;

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Before placing any orders, you should try to familiarize yourself with some of the most common investment mistakes.

Step 5: Monitor your investment

Closely monitoring your stock’s price movements and market performance is pivotal to success. If your preferred investment strategy leans more towards the long-term end of the spectrum — which is generally advisable — you must not let unfavorable short-term price fluctuations dictate how you invest. Instead, stay focused on the bigger picture and the overall performance of your investment over time.

Moreover, be sure you’re up-to-date with all developments in the company and the sector at large. Most importantly, keep track of the company’s investors and leadership boards, reevaluate its income source, and analyze its annual and quarterly reports.

Naturally, those are only the basics, and even the seemingly minute details can prove of utmost importance in the grand scheme of things. Therefore, try to gather as much information as possible if you want to seize the perfect opportunity to sell your stock and make a profit.

First Solar stock price today

Pros and cons of investing in First Solar

Pros

Industry leader in solar panels;
Technologically innovative (e.g., with its tin and Cadmium Telluride (CadTel) panels);
Good cash position;
Domestic market focus;
The company is expanding rapidly.

Cons

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy First Solar stock