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First Solar (FSLR) is a Top-Ranked Growth Stock: Should You Buy?
Zacks Investment Research· 2024-03-05 15:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
Embrace Clean Energy, Focus on These 3 Shining Solar Stocks
Zacks Investment Research· 2024-03-05 15:26
There has been a heightened need to shift to solar energy in the fight against greenhouse gas emissions. The transition from fossil fuels to renewable energy is creating opportunities for investors, although it will take huge investments and a lot of time. Amid the backdrop, Maxeon Solar Technologies Ltd. (MAXN) , Nextracker (NXT)  and First Solar (FSLR) are well poised to gain.Solar Contributes More to New Generating CapacityRenewables is witnessing its share of electricity generation in the United States ...
First Solar (FSLR) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-03-04 23:56
In the latest market close, First Solar (FSLR) reached $156.70, with a -0.85% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Heading into today, shares of the largest U.S. solar company had gained 11.44% over the past month, outpacing the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 4.83% in that time.The investment community will be paying c ...
First Solar, Inc. (FSLR) is Attracting Investor Attention: Here is What You Should Know
Zacks Investment Research· 2024-03-04 15:01
First Solar (FSLR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this largest U.S. solar company have returned +11.4%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Solar industry, which First Solar falls in, has gained 5.6%. The key question now is: What could be the stock's future direction? ...
First Solar (FSLR) Q4 Earnings Beat Estimates, Sales Rise Y/Y
Zacks Investment Research· 2024-02-29 13:41
Shares of First Solar, Inc. (FSLR) rose 2.9% to $149.25 on Feb 28, following the company’s recent report release.  The company reported fourth-quarter 2023 earnings of $3.25 per share against the prior-year quarter’s reported loss of 7 cents per share. The bottom line beat the Zacks Consensus Estimate of $3.19 by 1.9%.FSLR recorded earnings of $7.74 per share in 2023 against a loss of 41 cents per share in 2022.Sales UpdateFirst Solar’s fourth-quarter net sales were $1,158.6 million, which lagged the Zacks ...
FSLR Stock Alert: What First Solar's Stellar Q4 Results Mean for Investors
InvestorPlace· 2024-02-28 17:36
The past year has been extremely difficult for solar companies and First Solar (NASDAQ:FSLR) has been no exception. These companies have experienced a slew of headwinds, such as higher interest rates and falling demand. However, FSLR stock is rising today after reporting its fourth-quarter and 2023 full-year earnings. For the quarter, revenue tallied in at $1.15 billion, which was below the analyst estimate for $1.3 billion. EPS came in at $3.25, beating the estimate for $3.19. "Few years have been as conse ...
First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector
CNBC· 2024-02-28 15:57
A solar field is seen on site at First Solar in Perrysburg, Ohio July 8, 2022. Picture taken with drone.First Solar shares jumped Wednesday after reporting another solid quarter, with the company booked solid through 2026 and an order backlog that stretches into the end of the decade.The stock traded as much as 9% higher on the day. It was last up about 2%.Here's how the company did in the fourth quarter:Net income rose 30% year over year to $349.2 million from $268.3 millionEarnings per share of $3.25 beat ...
First Solar Stock Shines on Q4 Earnings Beat and Full-Year Outlook—Key Level to Monitor
Investopedia· 2024-02-28 12:00
Key TakeawaysFirst Solar shares gained in premarket trading Wednesday after the solar panel maker topped analysts' fourth quarter bottom-line estimates and issued better-than-expected full-year earnings guidance.CEO Mark Widmar said the company continues to see strong mid- to long-term demand, especially in the United States.The company expects to receive between $1 billion and $1.05 billion in tax credits this year.First Solar shares may face selling pressure around $174 near the lower trendline of a Wycko ...
First Solar predicts a better year ahead, and stock gains
Market Watch· 2024-02-28 01:50
First Solar Inc. shares rose about 5% in the extended session Tuesday after investors looked past a mixed quarter for the solar-power company to cheer guidance for the year. First Solar FSLR, +0.28% earned $349 million, or $3.25 a share, in the fourth quarter, compared with $268 million, or $2.50 a share, in the year-ago period. ...
First Solar(FSLR) - 2023 Q4 - Earnings Call Transcript
2024-02-27 23:35
First Solar, Inc. (NASDAQ:FSLR) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Richard Romero - Investor Relations Mark Widmar - Chief Executive Officer Alex Bradley - Chief Financial Officer Conference Call Participants Moses Sutton - BNP Paribas Philip Shen - Roth Capital Partners Operator Good afternoon, everyone, and welcome to First Solar's Fourth Quarter and Full-Year 2023 Earnings and 2024 Financial Guidance Call. This call is being webcast live on the Investors se ...