First Solar is playing a different game from most competitors.First Solar (FSLR -0.26%) is the only major solar company that wasn't crushed over the past year as higher interest rates and solar policy changes hit the industry. And the company's advantage in the market has been over a decade in the making.In this video, Travis Hoium covers what makes First Solar different.*Stock prices used were end-of-day prices of April 2, 2024. The video was published on April 3, 2024. ...

Pavel Babic We previously covered First Solar, Inc. (NASDAQ:FSLR) in January 2024, discussing how its utility-scale solar panels remained in hot demand, with its growing backlog extended through 2030 at favorable ASPs. Combined with the bottomed solar investment thesis and the normalizing macroeconomic outlook, we maintained our Buy rating for the stock then. In this article, we shall discuss why we are maintaining our optimistic view surrounding FSLR's cadmium telluride investment thesis, despite the inten ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3][8] Core Viewpoints - The report highlights the urgent need for the U.S. government to enhance support for domestic photovoltaic manufacturing, suggesting policies that favor local production and investment in silicon wafer and polysilicon capacities [3][4] - The U.S. photovoltaic industry is heavily reliant on imports, with domestic silicon wafer production expected to meet only 12% of the demand in 2024, indicating significant market opportunities for imported components and thin-film technologies [3][4] - The report maintains profit forecasts for First Solar, projecting net profits of $1.45 billion, $2.28 billion, and $3.19 billion for 2024-2026, with year-on-year growth rates of 75%, 57%, and 40% respectively [3][8] Summary by Sections Industry Overview - The U.S. photovoltaic market continues to thrive, with over 50% of new power installations in 2023 coming from solar energy. However, the lack of domestic manufacturing capacity leads to a reliance on imports, with 83% of the 22.6 GW of solar components shipped in the first nine months of 2023 being imported [4] - Chinese companies dominate the photovoltaic supply chain, holding 80%-95% of the global market share across various segments [4] Financial Projections - The report forecasts First Solar's diluted EPS to be $13.6, $21.4, and $29.8 for 2024-2026, corresponding to dynamic PE ratios of 12, 8, and 6 times [8] - The projected revenue for First Solar is expected to grow from $4.54 billion in 2024 to $6.52 billion in 2026, with a significant increase in operating profit [10] Market Dynamics - The report indicates that the premium for U.S. solar components is likely to persist in the short term, benefiting domestic suppliers like First Solar and other leading companies with sales in the U.S. market [5][6] - The establishment of a domestic photovoltaic supply chain is deemed crucial for the U.S. to capture economic benefits from the global energy transition and enhance energy security [6]

The latest trading session saw First Solar (FSLR) ending at $153.31, denoting a +0.41% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq gained 0.17%.The largest U.S. solar company's shares have seen an increase of 5.49% over the last month, surpassing the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34%.The investment community will be paying close attention to th ...

First Solar (FSLR) closed at $152.68 in the latest trading session, marking a +1.1% move from the prior day. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.2%.Coming into today, shares of the largest U.S. solar company had gained 0.66% in the past month. In that same time, the Oils-Energy sector gained 6.39%, while the S&P 500 gained 5.11%.The investment community will be closely monitoring th ...

The future is green. The world is progressively becoming more eco-friendly through changes in habits, consumption and even energy sources. The green technology and sustainability market is rapidly growing, valued at $16.5 billion in 2023 and expected to grow to $61.92 billion by 2030, representing a CAGR of 20.8%. With so much growth in store for investors, now is a great time to invest in eco-friendly stocks. At the same time, investing in eco-friendly stocks allows investors to support companies with a si ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

First Solar (FSLR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power ...

First Solar (FSLR) closed the last trading session at $159.38, gaining 4.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $222.36 indicates a 39.5% upside potential.The average comprises 24 short-term price targets ranging from a low of $157.56 to a high of $330, with a standard deviation of $39. While the lowest estimate indicates a decline of 1.1% from the current price level, ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about First Solar (FSLR) .First Solar currently has an average brokerage recomme ...