Key TakeawaysFirst Solar led gains on the S&P 500 Wednesday as solar stocks got a boost on the heels of Tuesday's presidential debate between former President Donald Trump and Vice President Kamala Harris.During the debate, Trump said Harris would “go back to solar,” if she wins the presidency, and added he’s “a big fan of solar,” according to an ABC News transcript. First Solar shares popped more than 15% Wednesday, while SolarEdge Technologies gained over 8%, and Enphase Energy added nearly 6%. First Sola ...

Key Takeaways The S&P 500 gained 1.1% on Wednesday, Sept. 11, as investors weighed the implications of the latest CPI data and Tuesday evening's presidential debate. Shares of First Solar and other green energy companies soared after energy was a topic of debate among candidates Tuesday. Humana shares tumbled as analysts said Medicare insurers could face pressure in the event of a Democratic presidential victory. Major U.S. equities indexes recovered from early losses to close Wednesday's session higher. Th ...

The Democratic Party's candidate said all the words a handful of investors needed to hear.A solid day for the overall market was a great day for stocks found in the alternative energy sector. Shares of solar panel maker First Solar (FSLR 15.19%) rallied 15.2%, followed closely by Sunrun (RUN 11.34%) and Solar Edge (SEDG 8.46%), which ended the day's session 8.5% higher. Nuclear energy-related names like Cameco (CCJ 6.05%) and Uranium Energy (UEC 12.36%) jumped as well, with the latter rising 11.9% during to ...

Justin Paget In our previous coverage of First Solar, Inc. (NASDAQ:FSLR), we identified the company’s shift from Solar Power Systems to the more profitable and larger Solar Modules market. Second, we examined the positive solar market outlook supported by government policies, incentives, increasing efficiency, and decreasing costs which we believed First Solar could leverage. Subsequently, we also identified the potential benefit of expanded US tariffs on Chinese firms producing in Southeast Asia. In th ...

UKRAINE - 2021/04/19: In this photo illustration a First Solar logo of an US solar company is seen ... [+] on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesFirst Solar stock has had a solid year, rising by about 30% year-to-date. In comparison, Enphase Energy stock, another solar component player, has seen its stock decline by 8% over the same period. First Solar stock has been benefiting from several facto ...

A month has gone by since the last earnings report for First Solar (FSLR) . Shares have added about 5.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is First Solar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. First Solar Q2 Earnings Beat Estimates, Sales Rise Y/ ...

First Solar Inc. (FSLR) has come up with an impressive second-quarter 2024 result, wherein both the top and bottom-line figures comfortably surpassed their respective Zacks Consensus Estimate. The figures also improved on a year-over-year basis, backed by solid shipment of FSLR’s solar modules as well as a hike in the average selling price of these modules. As the world’s largest thin-film photovoltaic (PV) solar module manufacturer, First Solar enjoys a dominant position in the global solar map, with its g ...

Weakness is an opportunity with solar stocks. Granted, there have been concerns that a Trump presidential win could derail clean energy stocks. But as I’ve said before, a repeal isn’t likely for two reasons. First, unless the Republicans take full control of Congress, it’s not likely to happen. Second, the Inflation Reduction Act (IRA) has been popular across the political spectrum.Not helping the reputation of solar stocks right now is the fact that SunPower (NASDAQ:SPWR) just filed for Chapter 11 bankrupt ...

Shana NovakInvestment Thesis First Solar (NASDAQ:FSLR) is an American Solar manufacturer headquartered in Tempe, Arizona, with research and development labs in Ohio and California and manufacturing facilities in Ohio, Alabama (expected 2024), Louisiana (expected 2025) Malaysia, Vietnam, and India. When I last covered First Solar on July 16, 2024, I highlighted First Solar’s leading position as a domestic manufacturer of solar panels in the United States, enabling the company to benefit substantially fro ...

The invention of clean energy has given many hope that it could be a future solution to nonrenewable energy sources and less pollutant energy production. Yet, the reality remains that each year the federal government spends billions of dollars to subsidize the industry. As a result, many of the profits revenues reported by the big, clean energy companies in the U.S. are not without taxpayer money involved. As the election nears, both political parties have drawn lines in the sand regarding their stands on t ...