The downgraded stocks continue to trade near record highs despite the recent pressure from rising bond yields. Investors were digesting the U.S. Commerce Department's report last week, which indicated that the U.S. economy's first-quarter growth was slower than initially estimated. The revised figures showed an annualized growth rate of 1.3%, a drop from the advance estimates of 1.6%. Investment officers and financial experts interpret the economic signals as potential indicators that the Federal Reserve mi ...

Several consecutive 13-f filings made by Michael Burry’s Scion Asset Management revealed a string of seemingly unprofitable trades. Though the original 2023 bet against the semiconductor industry was dropped, the lackluster Alibaba (NYSE: BABA) long position remained in focus throughout the first quarter of 2024.The latest filing, however – released on May 15 – changed the situation drastically as, while the two major Chinese stocks, BABA and JD.com (NASDAQ: JD) continued to dominate the portfolio, a series ...

Investing in renewable energy stocks has become increasingly attractive in the fight against climate change. With advancements in clean technology and growing support from governments, the renewable energy sector is poised for significant growth. Key areas of interest within this sector include solar, wind, hydro, and energy storage, all of which have experienced massive growth. Two of the most promising signs for the sector is the prospect of lower interest rates going into 2025, and regulatory support for ...

Solar stocks are on the move, and First Solar (FSLR) is leading the charge. Therefore, let's consider a bull put spread trade in FSLR stock.X FSLR stock showed a massive 40% gain last week. We'll look at an option trade to see if we can eke out some more gains, even if First Solar stock doesn't move higher in the next few weeks. That's made possible using a credit spread, and specifically the bull put spread in First Solar.Why A Bull Put Spread Option?As a reminder, a bull put spread starts by selling a put ...

Analysts and investors are warming up to First Solar stock.First Solar (FSLR 10.78%) stock is surging. The solar power specialist's share price ended the week up 40.1% from last Friday's market close, according to data from S&P Global Market Intelligence.The price rose thanks to positive coverage from analysts and excitement about the company's opportunities to capitalize on the artificial intelligence (AI) revolution. The stock also gained ground on news that China's key regulatory agency for solar energy ...

In an effort to protect American workers and businesses from China’s unfair trade practices, the Biden China tariffs consist of increases in tariff rates for a slew of Chinese-made goods. Those include electric vehicles (EVs), solar cells and steel. In fact, this could provide a boon for U.S. manufacturers of these products. In turn, respective shares may become a buying opportunity right now.For China-based and/or U.S.-based importers of these products, the increased tariffs could present a new challenge. ...

Key TakeawaysFirst Solar was the best-performing stock in the S&P 500 for a second straight day on Wednesday after analysts at UBS raised their price target on the stock, citing its potential to benefit from big tech companies' investments in artificial intelligence (AI).Analysts suggested Microsoft and other hyperscalers may rely on renewable energy companies like First Solar to satisfy AI demand and meet their carbon neutrality goals.First Solar could also benefit from Inflation Reduction Act tax credits. ...

Among the more impressive movers in today’s market is solar technology company First Solar (NASDAQ:FSLR). Shares of FSLR stock are up more than 17% in early afternoon trading, as analysts from both Piper Sandler and UBS raised their price targets on the company.Piper Sandler believes FSLR stock could be headed for $219 per share (currently trading around $247 per share), and UBS raised their target to $270 (much more bullish). In either case, analysts on both the bullish and bearish ends of the spectrum are ...

Key Takeaways The S&P 500 added 0.3% on Tuesday, May 21, 2024, ahead of a noteworthy earnings report and as a Federal Reserve official expressed caution on rate cuts. First Solar shares soared after UBS analysts boosted their price target on the stock, noting the solar panel maker is poised to benefit from tax credits. Shares of Nordson Corp. sank after the industrial equipment maker lowered its full-year outlook, citing challenges in its electronic end markets. Major U.S. equities indexes ticked higher on ...

Tomas RaginaInvestment Thesis First Solar (NASDAQ:FSLR) is strategically positioned to benefit from increasing solar installation forecasts and favorable regulatory conditions. The company’s unique use of Cadmium Telluride technology shields it from polysilicon shortages, and its long-term sold-out capacity indicates strong client demand. Despite industry price declines, First Solar maintains high average selling prices through long-term contracts. With substantial EBITDA growth projections and protecte ...