In this article FSLR TAN A worker applies tape to a solar panel at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters A flood of foreign solar components threatens efforts to build a domestic manufacturing base in the U.S. to support the clean energy transition, according to First Solar CEO Mark Widmar. In an interview with CNBC, Widmar said the U.S. should close tariff exemptions that allow cheap components into the U.S. market. First Solar is the largest manufacturer of solar panels in ...

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There has been a heightened need to shift to solar energy in the fight against greenhouse gas emissions. The transition from fossil fuels to renewable energy is creating opportunities for investors, although it will take huge investments and a lot of time. Amid the backdrop, Maxeon Solar Technologies Ltd. (MAXN) , Nextracker (NXT)  and First Solar (FSLR) are well poised to gain.Solar Contributes More to New Generating CapacityRenewables is witnessing its share of electricity generation in the United States ...

In the latest market close, First Solar (FSLR) reached $156.70, with a -0.85% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Heading into today, shares of the largest U.S. solar company had gained 11.44% over the past month, outpacing the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 4.83% in that time.The investment community will be paying c ...

Core Viewpoint - First Solar (FSLR) has shown strong stock performance recently, outperforming the S&P 500 and the broader solar industry, raising questions about its future direction [1] Earnings Estimates Revisions - First Solar is expected to report earnings of $2.32 per share for the current quarter, reflecting a year-over-year increase of +480%, although the Zacks Consensus Estimate has decreased by -9.9% over the last 30 days [2] - For the current fiscal year, the consensus earnings estimate is $13.66, indicating a +76.5% change from the previous year, with a slight increase of +2.2% in the last month [3] - The next fiscal year's consensus earnings estimate is $21.17, showing a +55% change year-over-year, with a +3% increase in the past month [3] Revenue Growth Projections - The consensus sales estimate for the current quarter is $899.86 million, representing a +64.1% year-over-year change [5] - For the current fiscal year, revenue estimates are $4.5 billion, indicating a +35.7% change, while the next fiscal year's estimate of $5.68 billion reflects a +26.1% change [5] Recent Performance and Surprise History - In the last reported quarter, First Solar achieved revenues of $1.16 billion, a +15.6% year-over-year increase, and an EPS of $3.25 compared to -$0.07 a year ago [6] - The company reported revenues that were -11.66% below the Zacks Consensus Estimate, while the EPS exceeded estimates by +1.88% [6] - Over the last four quarters, First Solar surpassed consensus EPS estimates three times but only exceeded revenue estimates once [7] Valuation Metrics - First Solar's valuation is assessed through various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to determine if the stock is fairly valued [8] - The Zacks Value Style Score grades First Solar as B, indicating it is trading at a discount compared to its peers [9] Conclusion - The information presented suggests that First Solar may perform in line with the broader market in the near term, as indicated by its Zacks Rank 3 [10]

Shares of First Solar, Inc. (FSLR) rose 2.9% to $149.25 on Feb 28, following the company’s recent report release.  The company reported fourth-quarter 2023 earnings of $3.25 per share against the prior-year quarter’s reported loss of 7 cents per share. The bottom line beat the Zacks Consensus Estimate of $3.19 by 1.9%.FSLR recorded earnings of $7.74 per share in 2023 against a loss of 41 cents per share in 2022.Sales UpdateFirst Solar’s fourth-quarter net sales were $1,158.6 million, which lagged the Zacks ...

The past year has been extremely difficult for solar companies and First Solar (NASDAQ:FSLR) has been no exception. These companies have experienced a slew of headwinds, such as higher interest rates and falling demand. However, FSLR stock is rising today after reporting its fourth-quarter and 2023 full-year earnings. For the quarter, revenue tallied in at $1.15 billion, which was below the analyst estimate for $1.3 billion. EPS came in at $3.25, beating the estimate for $3.19. "Few years have been as conse ...

Core Viewpoint - First Solar reported strong quarterly results, with a significant order backlog and resilience against sector downturns, indicating solid growth prospects ahead [1][2][3]. Financial Performance - Net income increased by 30% year-over-year to $349.2 million from $268.3 million [1]. - Earnings per share reached $3.25, surpassing the LSEG estimate of $3.13 [1]. - Revenue was $1.15 billion, slightly below the consensus forecast of $1.31 billion [1]. - The company achieved strong margins of 43.3%, exceeding consensus estimates of 37.7% [1]. Market Position and Outlook - First Solar has a record order backlog of 80.1 gigawatts, fully booked through the next two years [1]. - The company has outperformed the broader solar sector, with only a 6.2% decline over the past 12 months compared to a 43% drop in the Invesco Solar ETF [2]. - Analysts from JPMorgan, Deutsche Bank, and Morgan Stanley have raised their price targets, indicating significant upside potential for the stock [2][3]. Strategic Insights - First Solar's focus on large, utility-scale projects has insulated it from macroeconomic challenges affecting the residential solar sector [2]. - The company is expanding capacity with two new U.S. facilities under construction [3]. - CFO Alexander Bradley indicated that the company will be "highly selective" with contracting in 2024 due to potential uncertainties from upcoming U.S. elections [3]. Risks and Challenges - Potential headwinds include a slowdown in bookings after two strong years and concerns over the impact of U.S. tax credit changes if Republicans gain control [3]. - CEO Mark Widmar highlighted challenges from Chinese subsidization and oversupply in key international markets [4]. - Goldman Sachs lowered its price target for First Solar, citing risks from solar module oversupply and potential changes to U.S. tax credits [4].

Key TakeawaysFirst Solar shares gained in premarket trading Wednesday after the solar panel maker topped analysts' fourth quarter bottom-line estimates and issued better-than-expected full-year earnings guidance.CEO Mark Widmar said the company continues to see strong mid- to long-term demand, especially in the United States.The company expects to receive between $1 billion and $1.05 billion in tax credits this year.First Solar shares may face selling pressure around $174 near the lower trendline of a Wycko ...

First Solar Inc. shares rose about 5% in the extended session Tuesday after investors looked past a mixed quarter for the solar-power company to cheer guidance for the year. First Solar FSLR, +0.28% earned $349 million, or $3.25 a share, in the fourth quarter, compared with $268 million, or $2.50 a share, in the year-ago period. ...