Seasonality
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FSLR - Average returns for the respective month in the last 5 years
May is the seasonally strongest month over 5Y.
May averages +20.7% with a 71% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -8.7% with only a 14% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +21.1% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -8.7% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 155 of the year, the current YTD return is -26.1% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.67% | -12.56% | 0.03% | 2.35% | 51.96% | -23.09% | -10.57% | 6.89% | ||||
| 2025 | -4.95% | -18.71% | -7.16% | -0.48% | 25.64% | 4.72% | 5.55% | 11.71% | 12.98% | 21.04% | 2.24% | -4.28% |
| 2024 | -15.08% | 5.19% | 9.69% | 4.44% | 54.15% | -17.04% | -4.20% | 5.27% | 9.71% | -22.03% | 2.46% | -11.56% |
| 2023 | 18.57% | -4.76% | 28.59% | -16.06% | 11.16% | -6.34% | 9.11% | -8.81% | -14.56% | -11.84% | 10.76% | 9.19% |
| 2022 | -10.07% | -3.94% | 11.22% | -12.79% | -3.31% | -3.51% | 45.56% | 28.62% | 3.70% | 10.06% | 18.52% | -13.18% |
| 2021 | 0.23% | -18.29% | 7.75% | -12.34% | -0.55% | 18.92% | -4.94% | 9.25% | 1.55% | 25.28% | -13.37% | -15.87% |
| 2020 | -7.68% | -21.21% | 22.05% | 5.93% | 6.18% | 20.30% | 28.61% | -13.57% | 31.50% | 7.33% | 5.88% | |
| Avg | -4.16% | -8.68% | 4.13% | -1.83% | 20.71% | -2.88% | 8.69% | 12.44% | -0.03% | 9.00% | 4.66% | -4.97% |
FSLR - Average growth of $100 invested at start of year
5 years of data
FSLR Distribution of Daily Returns from 2021 to 2026
FSLR Distribution of Daily % Changes