First Solar (FSLR), a new member of IBD Leaderboard, has rallied sharply in recent months. Today's column introduces a double butterfly options trade in First Solar stock.X After watching the daily recaps on IBD Live this past week, my eyes turned to First Solar stock. Clearly it's a strong name in a previously weak sector. According to IBD Stock Checkup, the utility-scale solar infrastructure firm hosts a mediocre 72 Relative Strength Rating. However, the Composite Rating is 93 on a scale of 1 to 99, tops ...

Justin Paget First Solar Stock Outperformed First Solar, Inc. (NASDAQ:FSLR) can finally breathe a sigh of relief as the embattled thin-film solar PV manufacturer's stock fell into a deep bear market. Accordingly, FSLR stock was down nearly 45% from its 2023 highs before bottoming out in November 2023. I've been bullish about FSLR stock since I upgraded it in late 2023, assessing the "dawn is coming." Although FSLR sellers threatened a "false dawn" in early 2024, FSLR buyers returned with solid convicti ...

Worldwide governments and the corporate sector are focusing on hitting the net zero target in the coming decades. This implies significant investments in the clean energy sector. While industry tailwinds are likely to last for several decades, it does not imply that clean energy stocks will continue to move in one direction.So, expect phases of correction and consolidation on the back of near-term growth headwinds. Long term investors can seize a good entry opportunity in quality clean energy stocks to buy. ...

Finding the best solar stock picks to outperform the market in 2024 will require careful consideration. However, a few needle-in-the-hystack companies stand out among their competitors. The clean energy economy has been in a major slump for the past 12-18 months due to the advent of inflation and higher interest rates. These two factors have weakened demand as a slowdown in construction activity persists. However, the solar industry still has small pockets of growth led by a few industry players that operat ...

First Solar's position in the market isn't as strong as it once was.The one solar energy company that's been insulated from the downturn in the market has been First Solar (FSLR 1.38%), and it's done so by being focused on unique technology and the utility-scale market. But the dynamics that have insulated First Solar are starting to shift, which Travis Hoium covers in this video.*Stock prices used were end-of-day prices of April 4, 2024. The video was published on May 6, 2024. ...

Key TakeawaysFirst solar shares will be in the spotlight again Monday after the company broke out from a key chart pattern on Friday after a soft April jobs report fueled hopes that sooner-than-expected interest rate cuts would reignite consumer appetite within the solar sector.Lower borrowing costs make solar energy product installations more affordable for a broader range of customers, potentially helping to boost demand.The First Solar share price broke out from a pennant chart pattern on Friday but may ...

Key PointsAs First Solar stock dips after earnings, investors may now have an even better entry into this alternative energy play.With rising oil prices, solar energy demand could increase, pushing First Solar's backlog sooner. Analysts see double-digit upside and 55% EPS growth this year.5 stocks we like better than Daqo New EnergySolar energy stocks haven’t been part of the market hype, which rallied to all-time highs in the past quarter after potentially pricing in the Federal Reserve’s (the Fed) interes ...

First Solar, Inc. (NASDAQ:FSLR) Q1 2024 Results Conference Call May 1, 2024 4:30 PM ET Company Participants Richard Romero - Investor Relations Mark Widmar - Chief Executive Officer Alex Bradley - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Andrew Percoco - Morgan Stanley Philip Shen - ROTH MKM Brian Lee - Goldman Sachs Moses Sutton - BNP Paribas Vikram Bagri - Citi Kashy Harrison - Piper Sandler Operator Good afternoon, everyone, and welcome to First Solar's First Quarter 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33156 First Solar, Inc. (Exact name of registrant as specified in its charter) Delaware 20-4623678 (State or other jurisdiction ...

EXHIBIT 99.1 News Release First Solar, Inc. Announces First Quarter 2024 Financial Results • Net sales of $794 million • Net income per diluted share of $2.20 • Net cash balance of $1.4 billion • Maintain full-year 2024 P&L guidance • YTD net bookings of 2.7 GW with an average selling price (“ASP”) of 31.3 cents per watt, excluding adjusters • Expected sales backlog of 78.3 GW TEMPE, Ariz., May 1, 2024 – First Solar, Inc. (Nasdaq: FSLR) (the “Company”) today announced financial results for the first quarter ...