First Solar (FSLR) is scheduled to release second-quarter 2024 results on Jul 30, after market close. The Zacks Consensus Estimate for revenues is pegged at $946.2 million, implying a 16.7% improvement from the year-ago quarter's reported figure. The consensus mark for second-quarter earnings is pegged at $2.67 per share, suggesting a 44.3% surge from $1.85 reported in the prior-year quarter. The bottom-line estimate has, however, moved down 5.3% in the past 60 days.Image Source: Zacks Investment ResearchFi ...

Core Viewpoint - First Solar is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2024, with the stock price likely influenced by how actual results compare to consensus estimates [1][2]. Earnings Expectations - The consensus estimate for First Solar's quarterly earnings is $2.67 per share, reflecting a year-over-year increase of +44.3% [2]. - Expected revenues for the quarter are $946.22 million, which is a 16.7% increase from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.6% higher in the last 30 days, indicating a positive reassessment by analysts [2]. - The Most Accurate Estimate for First Solar is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.08% [5]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. - First Solar currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [5][6]. Historical Performance - In the last reported quarter, First Solar exceeded the expected earnings of $1.90 per share by delivering $2.20, resulting in a surprise of +15.79% [7]. - The company has beaten consensus EPS estimates in all of the last four quarters [7]. Conclusion - First Solar is positioned as a compelling candidate for an earnings beat, although investors should consider other factors that may influence stock performance [8].

Overall, renewable energy is considered to be one of the most promising industries for long-term investment; however, not every one of these renewable energy stocks is poised to bring a profit.The renewable energy sector is highly dependent on government policy and subsidies, which are not always reliable due to the political environment. Variations in the levels of regulatory support can affect the feasibility and returns of renewable energy projects. Thus, companies almost entirely dependent on subsidies ...

Investors with an interest in Solar stocks have likely encountered both First Solar (FSLR) and Enphase Energy (ENPH) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores w ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has First Solar (FSLR) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.First Solar is one of 249 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, meas ...

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?Let's take a look at what these Wall Street heavyweights have to say about First Solar (FSLR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.First Solar currently has an average br ...

bombermoon Investment Thesis First Solar, Inc. (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. With 6 GW of US nameplate capacity, expected to rise to over 14 GW by 2026, First Solar is the largest producer of solar panels manufactured in the United States. With First Solar's leading position as a US ...

There is some truth behind the old investment adage, “sell in May and go away.” The summer months tend to be stock market low points with September being one of the worst across all three major market indices. There is even a name for it: the September Effect.But for me, the summer doldrums mean it is time to buy. Because I like to buy stocks when they go on sale, periods when stocks are falling is when I’m looking for bargains. Previous high-fliers are now more attractively priced. So long as you seek out ...

First Solar (FSLR) ended the recent trading session at $233.24, demonstrating a -0.09% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.Coming into today, shares of the largest U.S. solar company had lost 19.93% in the past month. In that same time, the Oils-Energy sector lost 11.53%, while the S&P 500 gained 4.28%.The upcoming earnings release of Firs ...

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 33% year-to-date. In comparison, Enphase Energy stock, another solar component player, has seen its stock decline by 18% over the same period. First Solar stock has been benefiting from several fact ...