TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) today announced that it has acquired a 1.2 million square foot facility in Troy Township, Ohio. The facility, formerly known as Peloton Output Park, is expected to be repurposed into a new distribution center serving First Solar’s Ohio manufacturing footprint, which comprises three manufacturing facilities with a combined annual nameplate capacity of approximately 6 gigawatts (GW) of capacity at the end of 2023. “As we prepare to expand our ...

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 -3.3%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Solar industry, which First Solar falls in, has lost 13.6%. The key question now is: What could be the stock's future direction?Wh ...

Renewable energy stocks had a rough year in 2023. The iShares Global Clean Energy ETF (NASDAQ:ICLN), which holds some 135 different clean energy public companies, fell more than 20% in 2023. Similarly, the Global X Solar ETF (NASDAQ:RAYS), which holds about 54 different solar names, plummeted 35.1%. Renewable energy companies had not convinced equities traders and investors that they were worth investing in last year, especially as U.S. oil and gas prices continued to hit new lows. Nonetheless, we have come ...

First Solar, Inc. (FSLR) recently launched its $700 million facility in Tamil Nadu, India, marking the country’s first fully vertically integrated solar manufacturing plant.The facility has an annual capacity of 3.3 gigawatts (GW) and employs around 1,000 people. It produces First Solar’s Series 7 photovoltaic (PV) solar modules, which were developed in the United States and optimized for the Indian market.Significance of the FacilityThe manufacturing plant houses India’s first solar PV recycling plant, whi ...

First Solar inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant. The Minister for Industries, Promotions and Commerce of the Government of Tamil Nadu, Dr T R B Rajaa, the United States Ambassador to India, Eric Garcetti, and Scott Nathan, Chief Executive Officer of the US International Development Finance Corporation (DFC) inaugurated the facility at a ceremony today. (Photo: Business Wire)First Solar inaugurated its new facility in Ta ...

First Solar (FSLR) closed the most recent trading day at $166.13, moving -0.44% from the previous trading session. This change lagged the S&P 500's 1.41% gain on the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 2.2%.Shares of the largest U.S. solar company have appreciated by 14.78% over the course of the past month, outperforming the Oils-Energy sector's gain of 3.47% and the S&P 500's gain of 2.9%.The upcoming earnings release of First Solar w ...

With the political and ideological winds pushing for increased sustainability, the concept of green stocks have jumped to the forefront. And don’t worry, this isn’t about tree hugging for its own sake (though you can do that if you wish). Rather, going the sustainable route can be quite profitable.According to McKinsey & Company, a growing body of evidence indicates that go-green initiatives can help foster profits and business opportunities. It makes sense when you think about it. Again, sustainability isn ...

kamisoka The technology sector (XLK) reckoning has arrived as we started 2024's first trading week. What seemed like a nearly perfect December 2023 market outperformance has hit the late buyers hard. The retail FOMO fever hit a top in late December, as investors who failed to add exposure when Wall Street was highly pessimistic likely felt compelled to join in. Small Speculators index position (Sundial Capital) As a result, we recorded a significantly high level of optimism among what is classified as "smal ...

First Solar (FSLR) closed the latest trading day at $166.31, indicating a -0.66% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.34% for the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq decreased by 0.56%.Coming into today, shares of the largest U.S. solar company had gained 15.23% in the past month. In that same time, the Oils-Energy sector gained 2.1%, while the S&P 500 gained 2.56%.The investment co ...

TEMPE, Ariz. & CHENNAI, India--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) today announced that it has entered into a 15-year, captive Power Purchase Agreement (PPA) with Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia. Under the agreement, Cleantech Solar will construct 150 megawatts (MW) of photovoltaic (PV) solar and 16.8 MW of wind-generating assets in Tamil Nadu, India, supplying approximately 7.3 gigawatt-hours (GWh) of clean electric ...