First Solar Q2 Analysts Like What They See: New Factory In The US, 'Favorable India Update'
Portfolio Pulse from Priya Nigam
First Solar Inc (NASDAQ:FSLR) reported better-than-expected Q2 results and announced plans to build its fifth U.S. panel factory. Analysts from BofA Securities, Oppenheimer, Goldman Sachs, Morgan Stanley, and Raymond James provided positive feedback on the company's performance and future outlook. The company's stock price rose by 0.63% to $199.84 at the time of publication.
July 28, 2023 | 3:26 pm
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POSITIVE IMPACT
First Solar's Q2 results exceeded expectations, leading to positive feedback from analysts and a slight increase in stock price. The company's plans for a new U.S. factory were also well-received.
First Solar's better-than-expected Q2 results and plans for a new U.S. factory have been positively received by analysts, leading to an upgrade in ratings and an increase in stock price. This indicates a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100