Investors seeking to capitalize on the burgeoning momentum of renewable energy are eyeing the top renewable energy stocks to buy in 2024. As the world transitions to a greener future, the renewable energy sector is a beacon of opportunity. With increasing global awareness of climate change and the pressing need to reduce carbon emissions, renewable energy stocks are prime investment options. These companies drive innovation, harnessing solar, hydroelectric, wind and energy storage to meet the growing demand ...

SW Photography/DigitalVision via Getty Images When it comes to First Solar (NASDAQ:FSLR), much is actually currently known about the leading North American solar panel manufacturer's prospective growth and earnings trajectory. With a huge backlog of ~80 Gigawatts, a massive deal pipeline in various stages of development, and ASP's that are trending higher, not lower, and there's no question that the company is currently set up to deliver strong results through the end of 2030. The question, at this poin ...

Justin Paget First Solar (NASDAQ:FSLR) has not fared well since my last bullish article in July here, with a -7% total return for shareholders. However, this loss ran circles around the steep losses outlined by other solar and green energy names for performance. Honestly, the whole group has turned into a disaster for investors, with some buildout subsidies and tax breaks globally reduced in 2023 (particularly by the state of California). A move off an exaggerated valuation level for solar early last ye ...

Solar stocks are gaining ground again in 2024 after hawkish federal and domestic supply chain issues led to a decline in share prices. This is thanks to policy issues focusing on this market segment regardless of Republican and Democratic platforms. And solar stocks will remain center stage as we near the next U.S. presidential election.These three renewable energy stocks have double-digit upsides, ranging from 25% to over 240%. The first one is getting analyst love from Morgan Stanley (NYSE:MS) and Deutsch ...

First Solar (FSLR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this largest U.S. solar company have returned +8.2%, compared to the Zacks S&P 500 composite's +2.6% change. During this period, the Zacks Solar industry, which First Solar falls in, has lost 3.5%. The key question now is: What could be the stock's future direction?Although media reports o ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? First Solar (FSLR) , which belongs to the Zacks Solar industry, could be a great candidate to consider.This largest U.S. solar company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.75%.For the last reported quarter, First Solar came out wi ...

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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]